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VERIFIEDET Finance·neutral
SBI chairman says rapid rise of AI-driven lending brings new vulnerabilities for banks
AI Summary
- ·SBI Chairman CS Setty noted that the rapid rise of AI-driven lending presents new vulnerabilities for banks.
- ·These vulnerabilities include cyber risks and algorithmic biases.
- ·Setty emphasized that trust must be the foundation of India's expanding financial system, ensuring innovation does not compromise safety or inclusion.