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Banks can’t outsource accountability for algorithmic decisions: RBI Deputy Governor

RBI Deputy Governor Rohit Jain says banks cannot outsource accountability for AI decisions, stressing explainability, proportional regulation, customer fairness and stronger oversight for high-risk AI.

9 Sept 2026

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RBI Deputy Governor Rohit Jain says banks cannot outsource accountability for AI decisions, stressing explainability, proportional regulation, customer fairness and stronger oversight for high-risk AI.

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10/9/2026
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Reference: MediaNama

Official URL: https://www.medianama.com/2026/09/223-banks-accountability-algorithmic-decisions-rbi/

Source: MediaNama

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