SBI chairman warns AI lending boom could expose banks to hidden cyber and bias risks

Cyber threats and biased algorithms are rising together

SBI Chairman CS Setty says the fast growth of AI-driven lending is both an opportunity and a new threat for banks. He warned that digital finance expands the attack surface for cyberattacks while also creating risks from algorithmic bias. Setty urged that trust, safety, and inclusion must stay at the core of India’s financial innovation—without cutting corners on safeguards.