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Reserve Bank of India

RBI rolls out AI-based model to tackle digital frauds
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16 December, 2024

RBI rolls out AI-based model to tackle digital frauds

The MuleHunter.AI model is expected to help banks deal with the issue of mule bank accounts, a typical tactic fraudsters...
RBI sets up expert committee for ethical AI framework
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13 December, 2024

RBI sets up expert committee for ethical AI framework

As artificial intelligence gains a foothold in India, the central bank focuses its efforts on crafting an adaptable and ethical...
RBI grants credit lines through UPI to small finance banks
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12 December, 2024

RBI grants credit lines through UPI to small finance banks

The RBI has allowed small finance banks to extend pre-sanctioned credit lines through the UPI to extend "financial inclusion" and...
RBI urges small businesses to adopt UPI, digital payments
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6 December, 2024

RBI urges small businesses to adopt UPI, digital payments

The Reserve Bank of India has suggested adopting digital payment systems like the Unified Payments Interface and online banking to...
RBI: Blockchain, tokenized assets push lawmakers to stay alert
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4 December, 2024

RBI: Blockchain, tokenized assets push lawmakers to stay alert

RBI's M. Rajeshwar Rao said that the new processes backed by AI, blockchain, and tokenized assets have pushed policymakers to...
RBI says generative AI may contribute up to $438B to GDP
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26 November, 2024

RBI says generative AI may contribute up to $438B to GDP

The RBI claims generative AI will supply $359-438 billion to India's GDP by 2029-30, while firms' AI integration into production...
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