RBI’s FREE-AI framework sets a financial-sector direction for responsible and ethical adoption, intended to balance innovation, inclusion and risk management.
The committee report provides a policy and control blueprint rather than a single binding AI rulebook.
RBI-regulated entities; detailed implementation depends on subsequent RBI directions and the scope assigned to each measure.
Summarised from the primary instruments below. Open the source before relying on an obligation for legal or compliance decisions.
Establish accountable, board-aligned AI governance and apply controls proportionate to materiality and customer impact.
Protect inclusion, fairness and customer interests as AI is used in credit, service and fraud controls.
Use testing, validation, human oversight and ongoing monitoring to manage reliability and model risk.
The original authority remains the source of truth. Dates below are publication and effective dates, not OneBench ingest dates.
Reserve Bank of India
Sets out a responsible-AI framework and recommendations tailored to the Indian financial sector.