AITechRadarabout 2 hours ago
RBI chief: AI can approve loans humans reject
3 min read
RBI Governor Sanjay Malhotra told banks AI trained on cash flows, GST filings, and utility payments can extend credit to borrowers manual underwriting cannot assess. Banks must keep complete AI inventories, red-team before deployment, and explain lending decisions. Accountability stays human; banks answer to customers, auditors, and the RBI.
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