The Reserve Bank of India (RBI) is set to leverage machine learning and artificial intelligence (AI) models to enhance its regulatory and supervisory capabilities. The central bank plans to deploy these advanced technologies to power its "Deep Check" initiative, aimed at improving the accuracy and efficiency of its regulatory checks.
The RBI's Deep Check initiative will utilize machine learning and AI models to analyze vast amounts of data, identify patterns, and detect anomalies in real-time. This will enable the central bank to monitor financial institutions and markets more effectively, identify potential risks, and take proactive measures to mitigate them.
The adoption of machine learning and AI models is expected to significantly enhance the RBI's regulatory and supervisory capabilities, enabling it to respond more quickly and effectively to emerging risks and challenges. This move is part of the RBI's broader efforts to harness the power of technology to improve its regulatory functions and promote financial stability.
