“It covers models. One model, one decision, one explanation. That logic made sense until very recently,” according to Vikram Raichura, Founder and MD of Helo.ai by VIVAConnect. He was commenting on ...
The recently released Guidance on Regulatory Principles for Model Risk Management by RBI is a concrete step towards AI governance in the banking & finance sector. The guidelines set out how entities ...
The Reserve Bank of India’s inflation forecasting model is coming under increasing scrutiny from economists after the central bank consistently overestimated price pressures this year, contributing to ...
The Reserve Bank of India (RBI) said it has revised its inflation-forecasting model to better capture how fiscal and monetary policy interact with real-economy elements. Read Less NEW DELHI: The ...
Quick Summary RBI's draft guidance makes banks accountable for all AI models used, including vendor-licensed systems. Banks must now validate third-party models independently, which vendors cannot ...
The Reserve Bank of India follows a multi-layered and continuously evolving forecasting framework to meet its inflation targeting mandate while keeping growth in focus, Deputy Governor Poonam Gupta ...