Summary of the RBI FREE AI Committee Report
In the first blog of this series of two, we break down (i) the Committee’s methodology, (ii) key insights on the current state of AI adoption, (iii) FREE AI Framework and (iv) its recommendations.
Responsible AI in digital lending
Fairness, explainability and human-in-the-loop principle are vital elements of Responsible AI
Responsible and Trustworthy AI in Digital Lending: From Principles to Practices
This Whitepaper unpacks what RTAI would mean in the context of digital lending. While the term Responsible AI has been adequately conceptualized in academia and elsewhere, it still needs to be coherently contextualized to specific domains.
Responsible AI means good business for all
When AI-driven decisions are fair, respect privacy and are not opaque, they foster customer confidence
Our Response to the Report on AI Governance Guidelines Development released by the Ministry of Electronics and Information Technology
The response presents our thinking on the governance of artificial intelligence (AI). It is divided into two parts. Part A summarises our key inputs which are also presented below in the form of this write-up. Part B provides a section-by-section paragraph-wise detailed feedback as per the Ministry’s Consultation Form requirements.
How to develop trustworthy AI in digital lending
Establishing principle-level guidance on operationalising Responsible AI would induce clarity and confidence
Can information disclosures influence life insurance purchase decisions for low-income households?
There are several reasons for low take-up of life insurance policies in general and specifically low take-up of term life insurance. These factors range from supply side barriers such as misaligned incentive structures for agents selling life insurance policies, lack of availability and accessibility to a larger suite of life insurance products customized to the needs of low-income households to demand-side barriers such as household’s contextual factors that limit their awareness and priority for a life insurance product and their behavioural preferences pertaining to life insurance products.
Contrasting the Financial Disclosures Reported by HDFC Bank Limited in India and in U.S.
In this blogpost, we present the key differences in financial disclosures reported by HDFC Bank Limited in India and in the United States (U.S.). As of March 31, 2021, HDFC Bank Limited (henceforth the bank) had 18.65% of its shareholding in the form of American Depository Shares (ADS) that are listed on the New York Stock Exchange (NYSE).
Assessing Transparency of Indian Banking System’s Public Risk Disclosure Regime – A Regulation Based Approach
In this paper, we assess the public disclosure regime of the Indian banking sector & provide our recommendations that RBI can consider implementing to enhance the transparency of disclosures
Impact of Information Disclosure on Consumer Behaviour: Case of AT1 Bonds
This paper report results from an experimental study that examines the impact of information disclosure on consumers’ purchase decision of a high-risk financial product
