AIBOC Cautions Against Unilateral Rollout of AI Framework in Banking
Calls for social dialogue, binding safeguards and a worker-consumer roadmap first
The All India Bank Officers’ Confederation (AIBOC), the largest organisation of bank officers in India representing over 3.25 lakh officers across Public Sector Banks, Regional Rural Banks and Private Banks, has raised serious concerns over the Reserve Bank of India’s proposed “Framework for Responsible and Ethical Enablement of Artificial Intelligence.”
AIBOC has cautioned that while technology plays a vital role in modern banking, it cannot be treated as a substitute for public trust. The Confederation has urged that before any unilateral rollout, there must be meaningful social dialogue, enforceable safeguards, and a comprehensive roadmap that protects both workers and consumers.
The Confederation has stressed the need for a balanced approach that ensures AI adoption in the financial sector does not compromise transparency, accountability, or job security.
The press release issued by Rupam Roy, General Secretary of AIBOC, is reproduced below for the benefit of readers of www.indianpsu.com:
