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RBI FREE-AI Compliance: A Practical Checklist for Indian Banks
Priya SharmaSenior AI Governance Consultant
20 March 2026
AI Snapshot
Key Takeaways
- 1
RBI FREE-AI requires documented fairness testing before deployment AND continuous monitoring in production.
- 2
Explainability requirements mean adverse action notices must include model-derived reasons.
- 3
Board-level accountability is mandatory — not just model risk team ownership.
PS
About Priya Sharma
Priya leads enterprise advisory engagements, helping BFSI and healthcare clients build AI governance frameworks aligned with RBI FREE-AI, IRDAI, and HIPAA requirements.
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