Author Archives: Vijayashankar Na

One of the most overlooked aspects of the EU AI Act is not its classification of AI systems into prohibited, high-risk or limited-risk categories. Nor is it the much-discussed governance framework or conformity assessment process. Its most profound contribution lies … Continue reading →

The August 21-23 program on CIDA (Certified Independent Data Auditors) has been further enriched with the addition of the following coverage. RBI Guidelines on AI usage in Banks and REs RBI guidance on Data Governance in Banks and REs AIGSI: … Continue reading →

For more details on Independent Data Auditors, visit www.aidai.org.in Naavi

The Reserve Bank of India (RBI) has recently placed three transformational compliance responsibilities before banks: Compliance with the Digital Personal Data Protection Act, 2023 (DPDPA); Compliance with the RBI Guidance on Artificial Intelligence; and Compliance with the Draft Guidance on … Continue reading →

Three different compliance requirements are confronting the Indian Banks right now. While most Banks were leisurely planning for DPDPA implementation, RBI unleashed the AI guideline first and before the next heart beat landed the Digital Governance requirement. To rub salt … Continue reading →

In the last one month, RBI has come up with the AI Guidelines and Data Governance Guidelines. In addition, Banks are trying to be compliant with DPDPA Act and the Rules. All the three together are providing a huge challenge … Continue reading →