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Panel to Assess AI Risks in Banking
April 29 , 2026
12 hrs 0 min
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- The Government of India has formed a panel to assess risks from the AI platform Mythos.
- The panel is headed by C. S. Setty, Chairman of State Bank of India (SBI) and includes participation from the banking sector.
- The move comes amid global concerns that advanced AI systems can create vulnerabilities in banking networks and trigger cyberattacks.
- The panel will examine potential risks, required investments, and the adoption of new technologies in the banking system.
- It will recommend measures to mitigate AI-related risks and strengthen cybersecurity in banks.
- The initiative will also explore the use of AI tools to counter emerging AI-driven threats in the financial sector.
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