"AI carries dual narrative… if left unattended, it could pose unprecedented threats", warns RBI Deputy Governor T Rabi Sankar

Reserve Bank of India Deputy Governor T Rabi Sankar warned at the Global Fintech Fest 2025 that while AI offers immense financial sector benefits, it also poses unprecedented risks if unchecked. He stressed the need for "safety by design" and rigorous oversight for AI integration, highlighting the RBI's MuleHunter.ai as a successful anti-fraud tool.