Mumbai, July 14 (IANS) The Reserve Bank of India (RBI) on Tuesday held its half-yearly meetings with the Managing Directors and Chief Executive Officers of Public Sector Banks and select Private Sector Banks in Mumbai, with Governor Sanjay Malhotra calling on lenders to harness artificial intelligence (AI), strengthen cybersecurity and maintain a strong customer-centric approach.The meetings were chaired by the RBI Governor and attended by Deputy Governors Swaminathan J., Dr. Poonam Gupta, S. C….
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New Delhi, May 13 (IANS) AI‑driven credit models could unlock an estimated credit gap worth $130–170 billion in economic value and reduce MSMEs’ reliance on informal lending, the government said on Wednesday, adding that India’s financial‑inclusion push is being reshaped by the convergence of a strong Digital Public Infrastructure and artificial intelligence.AI models, leveraging consent‑based data sharing and advanced analytics, can strengthen credit assessment and risk management, …
New Delhi, April 21 (IANS) The Reserve Bank of India (RBI) is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of interest rates, Governor Sanjay Malhotra has said, adding that prolonged supply disruptions risk embedding inflation into India’s broader price level.In his speech at Princeton University in the US, Malhotra said the ongoing conflict poses a direct threat to the Indian economy given the region’s outsized role in the coun…