AI in Finance: What Can Change, What Must Never Change - XX CUB Shri V Narayanan Memorial Lecture

Thu, 23 Apr 2026 01:45:32 +0000
Banking

RBI Deputy Governor Swaminathan J delivered the XX CUB Shri V Narayanan Memorial Lecture at SASTRA University, Thanjavur, on April 11, 2026, on the topic 'AI in Finance: What can change, what must never change.' The speech outlined opportunities AI presents for financial inclusion, credit delivery, fraud detection, and supervisory compliance, alongside five major concerns: bias and unfair outcomes, opacity, data privacy and misuse, third-party risk, and cybersecurity. Financial institutions should monitor RBI's supervisory direction on AI governance.