RBI's Sanjay Malhotra: Embrace AI, Don’t Fear It

So, RBI's own superhero Sanjay Malhotra swoops in, urging banks to treat AI like a shiny new gadget, not a lurking villain. At FIBAC 2026, he declared that algorithms can’t take the heat when decisions go sideways. Transparency is the name of the game! If an AI says 'no credit' to a small biz, we need to know the scoop. Let’s make banking smarter and more inclusive, because innovation and safety are the ultimate power duo.