AI is reshaping global finance, with investments projected to nearly triple by 2027. India must balance innovation with ethical safeguards
The RBI’s FREE-AI framework proposes seven guiding sutras—from trust to resilience—and 26 recommendations across six pillars
Unchecked adoption risks bias, systemic vulnerabilities, and exclusion. The framework urges innovation with responsibility
A shared AI infrastructure and regulatory sandbox could lower barriers for smaller banks, enabling safer experimentation
Global examples—from Singapore’s FEAT to the UK’s supercharged sandbox—show trust and innovation can reinforce one another
India’s challenge is execution: building capacity, governance, and secure data pipelines to shift from black box to sandbox