Aligned to RBI’s Draft Guidance on Regulatory Principles for Model Risk Management (June 2026) and the FREE-AI Framework (August 2025) Background The adoption of Artificial Intelligence, Machine Learning, and automated decision systems across the Indian financial sector has fundamentally changed Read More …
Tag: AI vendor management
RMAI Certification Program on AI Model Risk Management for Banks, Financial Institutions and NBFCs
RBI Asks Banks to Assess AI Risk Gaps
The Reserve Bank of India (RBI) has issued an urgent directive giving banks and regulated entities until June 30, 2026, to submit a board-approved gap assessment and a time-bound action plan. This mandate is a proactive response to the emergence Read More …