01/10/2026
In an insightful feature by ๐๐ซ๐๐ก๐๐ง๐ ๐๐ฃ๐ข๐ญ๐ก dated 31st August from The Economic Times titled โ๐๐๐๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ง๐๐ฐ ๐๐๐ง๐ค๐๐ซ,โ Amit Goenka , Chairman and Managing Director, ๐๐ข๐ฌ๐ฎ๐ฌ ๐
๐ข๐ง๐๐ง๐๐, shares his perspective on the growing role of ๐๐ซ๐ญ๐ข๐๐ข๐๐ข๐๐ฅ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ ๐ข๐ง ๐ฌ๐ญ๐ซ๐๐ง๐ ๐ญ๐ก๐๐ง๐ข๐ง๐ ๐๐ง๐๐ข๐โ๐ฌ ๐๐๐ง๐ค๐ข๐ง๐ ๐๐๐จ๐ฌ๐ฒ๐ฌ๐ญ๐๐ฆ.
Highlighting the Reserve Bank Innovation Hubโs MuleHunter.AI initiative, Dr Goenka notes how AI-driven detection has helped identify over 27 lakh mule accountsโdemonstrating the significant potential of technology in combating financial fraud.
At the same time, he draws attention to an important reality:
โ๐น๐๐๐ข๐ ๐๐ ๐๐๐ฃ๐๐๐ ๐๐๐๐๐.โ
As banks strengthen their capabilities with AI, fraudsters are also adopting increasingly sophisticated technologies. This makes continuous innovation, stronger detection frameworks and evolving defence mechanisms critical for financial institutions.
The larger message is clear: AI is not about replacing human judgementโit is about augmenting it. From lending and customer service to fraud prevention and risk assessment, technology can enable faster, smarter and more inclusive banking, while accountability and critical decision-making remain firmly human.
Read the full article: https://drive.google.com/file/d/1qL9b6T_u32EjZK-3NyB0CebWzCJ2TaTZ/view?usp=sharing