Pune based Gokhale Institute of Politics and Economics (GIPE), Pune, organised a national seminar on Artificial Intelligence (AI) in the Indian financial sector, bringing together banking professionals, industry experts and academicians to discuss the growing role of AI in financial services, including cooperative banking.
Organised by GIPE’s RBI Chair Unit in the presence of Vice-Chancellor Prof. Umakant Dash, the seminar focused on emerging AI applications, regulatory developments, implementation strategies, risk management and governance challenges.
The discussions were particularly relevant for Urban Cooperative Banks (UCBs), which are increasingly exploring digital technologies to improve banking operations, customer services, risk assessment and operational efficiency.
Among the prominent speakers were Shantanu Srivastava, former Chief Risk Officer of SBI Cards; Rakhi Prasad, Co-Founder of ClarityX; Fakhri Sarjan, President and Chief Risk Officer of Bajaj Finance; Shah Amber, Executive Director of PwC India; and Dr Rabi Narayan Mishra, former Executive Director of the Reserve Bank of India.
The seminar also witnessed participation from representatives of UCBs, commercial banks, insurance companies and mutual funds, providing a platform for industry-academia interaction.
The discussions underlined the importance of responsible AI adoption, strong governance and effective risk management in shaping the future of India’s financial sector.
