FREE AI: RBI’s Framework for Responsible AI – Our Perspective
The Reserve Bank of India (RBI) has introduced the FREE AI Framework (Framework for Responsible and Ethical Enablement of Artificial Intelligence) —a guiding structure for adopting Artificial Intelligence responsibly in the financial sector. At Forvis Mazars in India, we see this as a pivotal step towards shaping a future where AI drives innovation while protecting trust, fairness and accountability.
The RBI's FREE-AI Framework: At a glance
The FREE AI Framework provides guardrails for India’s financial sector to innovate with confidence. By setting principles around governance, accountability, and trust, RBI is laying the foundation for responsible AI adoption across banks, insurers, NBFCs and FinTech's.
7 Sutras of the RBI's FREE-AI framework
6 Pillars of AI Governance
Together, they provide financial institutions with principles and mechanisms to manage risks while unlocking the benefits of AI.
Forvis Mazars’ perspective
At Forvis Mazars in India, we see AI Governance as the bridge between regulation and innovation. We help institutions:
- Assess readiness – Identify gaps in AI adoption and governance.
- Align with Sutras & Pillars – Build ethical, transparent and resilient AI policies.
- Strengthen governance – Establish oversight, risk frameworks and internal capacity.
- Monitor & improve – Conduct audits, ensure compliance and continuously refine AI systems.
Our expertise enables financial institutions to innovate responsibly while maintaining compliance and stakeholder trust.
Ready to make your AI adoption responsible, ethical and future-ready?
Connect with our experts to explore how AI Governance can strengthen your institution.
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