The Reserve Bank of India’s FREE-AI Committee has released a comprehensive framework to guide the responsible and ethical adoption of AI in India’s financial sector.

𝐊𝐞𝐲 𝐎𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬

• Assess AI adoption globally and across India, understanding current trends and benchmarks.
• Evaluate regulatory and supervisory approaches to guide safe usage and compliance.
• Identify and mitigate AI-associated risks—including bias, privacy, and misuse.
• Establish strong governance and ethics frameworks to ensure that AI serves the public good.
• Strengthen compliance, monitoring, and risk management in financial institutions.