Banks must understand artificial intelligence deployment for future success. AI can enhance financial inclusion and improve existing public good projects. Careless AI use risks new forms of exclusion and instability for banks. The RBI plans an approved AI governance policy and a testing sandbox. Banks need deliberate strategies, sustained investment, and strong governance for AI.
SpaceX stock transfers raise compliance questions for Indian HNIs
Indian investors holding SpaceX shares are seeking legal advice on compliance. These investors received SpaceX shares directly from offshore funds. This distribution aimed to avoid