RBI Deputy Governor Rajeshwar Rao emphasized the need for financial entities to educate customers on the risks of leveraged products and speculative investing. He highlighted challenges posed by technology advancements, such as AI and ML, and stressed the importance of human oversight and robust governance frameworks to ensure compliance and mitigate systemic risks in the evolving financial landscape.
Financial entities have to educate customers about risks: RBI DG Rajeshwar Rao
