As the digital rupee pilot continues to progress in India, the Reserve Bank of India (RBI) is now informing banks throughout the country that they should prepare to adopt innovative technologies such as AI and blockchain. Mahesh Kumar Jain, the Deputy Governor of the RBI, made the recommendation during a speech titled, “Governance in Banks – Driving Sustainable Growth and Stability,” which he presented at a conference organized by the RBI on Wednesday. The RBI Governor noted that while India’s banking system remains strong, stable and resilient through the collective efforts of the government, RBI and the banks, ... (full story)