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Columns 19 min read

Implementing the RBI's 2026 Model Risk Guidance: Frameworks, Validation, Frontier AI, and the India Context

Technical and operational guide to implementing the RBI's 2026 Model Risk Management draft. NIST AI RMF and ISO/IEC 42001 as anchors, the SR 11-7 lineage, validation toolkit and its limits on foundation models, frontier AI risks, IndiaAI Mission, and a ten-point implementation checklist.

Sushant Shukla
Contributor
Jun 26
Columns 18 min read

The Legal Architecture Around the RBI's 2026 Model Risk Draft: DPDPA, CPA, Competition Act, and the IMAI Question

How the RBI's 2026 Model Risk Management draft interacts with the Digital Personal Data Protection Act, the Consumer Protection Act, the Competition Act, and the Supreme Court's IMAI judgment on guidance enforceability. Five regulatory-interaction clauses the final Guidance should add.

Sushant Shukla
Contributor
Jun 26
Columns 20 min read

Twenty-four Asks of the RBI: A Detailed Comment on the 2026 Model Risk Management Draft

A clause-by-clause comment record on the RBI's 2026 draft Guidance on Model Risk Management. Proportionality, definitions, the black-box validation problem at paragraph 46, kill-switch operationalisation, DPDPA interaction, and a phased 18, 24, 36 month rollout. Twenty-four asks in one place.

Sushant Shukla
Contributor
Jun 26
Columns 22 min read

From Credit Models to Frontier AI: Inside the RBI's 2026 Draft Guidance on Model Risk Management

The RBI's draft Guidance on Model Risk Management, 2026 puts every model used by India's banks, NBFCs and FIs, statistical, algorithmic and AI alike, under a single Board-owned framework, and writes the regulator's first detailed AI rulebook. A clause-by-clause analysis.

Sushant Shukla
Contributor
Jun 25