The Reserve Bank of India (RBI) announced that it will introduce podcasts as a new communication tool to enhance its engagement and transparency. Governor Shaktikanta Das explained that the RBI has progressively expanded its communication methods to improve transparency and strengthen connections with the public. As part of this effort, the bank plans to incorporate podcasts into its outreach strategy, continuing its expansion through initiatives like publishing educational booklets in regional language.

This move is part of the RBI's ongoing strategy to improve transparency and public engagement. In November, it launched five financial literacy booklets in Santali, covering topics for students, farmers, entrepreneurs, and senior citizens. The initiative also reflects the RBI's digital transformation, including the introduction of MuleHunter.AI to combat financial fraud and the upcoming framework for ethical AI use in finance. "Banks are encouraged to collaborate with RBIH to further develop the MuleHunter.AI initiative and tackle mule bank accounts," said Governor Das​.

The RBI has been utilizing both traditional and modern communication methods to improve transparency, increase the impact of its decisions, and explain their rationale. These channels also help spread awareness to a wider audience. In recent years, the RBI has expanded its public engagement efforts, notably through active participation on social media platforms.

"The Reserve Bank of India has been deploying traditional as well as new-age communication techniques as a key part of its toolkit to ensure transparency and the greater impact of its decisions, explain the rationale behind its decisions, and disseminate various awareness messages to a wider audience. The Reserve Bank has been expanding the scope of its public awareness activities, including through social media, over the last few years. In continuation of this endeavour, the Reserve Bank proposes to launch podcasts for wider dissemination of information that is of interest to the general public," it said.

 Additionally, the RBI will establish a committee to create a Framework for Responsible and Ethical Enablement of AI (FREE-AI) in the financial sector. This framework aims to tackle challenges such as algorithmic bias, decision transparency, and data privacy concerns.