RBI’s Das Warns Against ‘Algorithm-Based’ Lending by Banks
- Asks banks to build buffers, have strong risk management
- Central bank will guard against any sense of complacency
Shaktikanta Das
Photographer: Indranil Aditya/BloombergThis article is for subscribers only.
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Indian financial institutions must guard against relying on algorithms and artificial intelligence to assess customers for loans, central bank Governor Shaktikanta Das said.