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Tag: M Rajeshwar Rao

Financial institutions must have an extensive strategy for AI acceptance: RBI DY GUV RAO
Business

Financial institutions must have an extensive strategy for AI acceptance: RBI DY GUV RAO

M Rajeshwar Rao, Deputy Governor, Reserve Bank of India | Photocredit: Abhijith The excitement of financial institutions around the benefits of AI should not be overshadowed, according to M Rajeshwar Rao, deputy governor, RBI. In this respect, he emphasized on aspects such as governance, human-in-the-loop, maintaining data quality and safety and regulatory guardrails for new […]

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RBI who comes to principle and outcomes based on regulations: DY GUV RAO
Personal Finance

RBI who comes to principle and outcomes based on regulations: DY GUV RAO

M Rajeshwar Rao, Deputy Governor, Reserve Bank of India (RBI) The Reserve Bank of India (RBI) gradually shifts to principle and outcomes-based regulations, because it provides operational flexibility to the regulated entities (RES) for performing their activities, according to vice-governor M Rajeshwar Rao. This regulatory approach also puts RES (such as banks and non-bank financing […]

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