Reserve Bank of India (RBI)

RBI governor Sanjay Malhotra says AI can widen lending and cut operating costs, but banks must remain responsible for automated decisions and outside technology providers.

RBI must standardize bank freezes and money restoration as judges examine victim compensation, institutional liability and possible limits on scam calls.

RBI Governor said Stablecoins, cryptos, buy-now-pay-later schemes challenge traditional regulations, deciding whether to ban, tolerate, or regulate these innovations is complex.