Employees and officers of various public sector banks across the country are on a two-day strike starting today to protest a nominal 2 percent wage hike offered by the Indian Banks' Association (IBA).

Bankers on 2-day strike: All you need to know about protest against low salary hikes

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The Reserve Bank on Thursday announced the setting up of an eight-member committee to develop a framework for responsible and ethical enablement of artificial intelligence (FREE-AI) in the financial sector.
Headed by IIT Bombay professor Pushpak Bhattacharyya (Department of Computer Science and Engineering), the panel will assess the current level of adoption of AI in financial services, globally as well as in India.
It will also review regulatory and supervisory approaches on AI with focus on the financial sector globally.
The panel will also identify potential risks associated with AI, if any, and recommend an evaluation, mitigation and monitoring framework and consequent compliance requirements for financial institutions, including banks, NBFCs, FinTechs, PSOs, etc.
The committee will recommend a framework including governance aspects for responsible, ethical adoption of AI models / applications in the Indian financial sector, the RBI said.
The other members of the panel are: .

The committee will recommend a framework including governance aspects for responsible, ethical adoption of AI models / applications in the Indian financial sector

The highlight of the 2024 LS election was again the better turnout of woman electors in percentage terms than men

The Union government on Thursday declared a seven-day mourning in honour of former prime minister Manmohan Singh, officials said here.
They said the Cabinet will meet at 11 am on Friday to pay tributes to him.
Singh's last rites will be conducted with full state honours, the officials added.
Manmohan Singh, the architect of India's economic reforms, died here on Thursday night at the age of 92. He was the prime minister during 2004-14.

Former prime minister Manmohan Singh, the architect of India's economic reforms, died here on Thursday night. He was 92

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Bankers on 2-day strike: All you need to know about protest against low salary hikes

Employees and officers of various public sector banks across the country are on a two-day strike starting today to protest a nominal 2 percent wage hike offered by the Indian Banks' Association (IBA).

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