🚀 Business & Startups🇮🇳 India
RBI Proposes AI 'Kill Switch' For Banks To Stop Rogue Algorithms
Inc42 Media·Saturday, 27 June 2026
The Reserve Bank of India has proposed a framework that would give banks and financial institutions the ability to shut down AI systems if they go rogue or cause harm. The proposal aims to put guardrails around how AI is used in India's banking and financial sector. Details of the framework are still being worked out.
Why It Matters
If you have a bank account, take loans, or use any financial app, AI is already making decisions about you — this proposal is about making sure those decisions can be stopped if something goes wrong.
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