RBI Governor Sanjay Malhotra has urged banks to maintain meaningful human oversight of AI systems and remain accountable for AI-assisted decisions. Mumbai: RBI Governor Sanjay Malhotra has told banks that artificial intelligence must not replace accountability, insisting that responsibility for decisions made with AI ultimately rests with the bank. AI should support human judgementMalhotra urged banks to use AI to augment rather than merely replace human judgement. AI systems could develop preferences or biases involving particular geographies, occupations or communities, he said. Banks told to strengthen AI governanceMalhotra asked banks to maintain a complete inventory of the AI models being used across their operations.