🚀 Business & Startups🇮🇳 India
RBI Wants a 'Kill Switch' for AI in Banks — Here's What That Means
Inc42 Media·Friday, 26 June 2026
The Reserve Bank of India has proposed guardrails for how banks and NBFCs use AI, including a mechanism to shut down rogue AI systems. The move comes as financial institutions increasingly rely on AI for decisions that affect millions of customers. The RBI's proposal is aimed at preventing AI from going unchecked in India's financial system.
Why It Matters
If you have a bank account, loan, or insurance policy, AI is already making decisions about you. This proposal could determine how much oversight exists over those decisions.
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