RBI Governor Malhotra Urges Banks to Embrace AI Wisely

RBI Governor Sanjay Malhotra had a lively chat with banks at the FIBAC 2026 conference, urging them to see AI as a helpful buddy instead of a scary monster. He emphasized that banks must take responsibility for their decisions, not just blame their algorithms. Plus, he teased some exciting plans for cross-border payments in the Brics nations. It’s all about using tech wisely and keeping things transparent!