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RBI released draft Guidance on Regulatory Principles for Model Risk Management for public comment through July 24, 2026. It applies across banks, NBFCs, asset reconstruction companies, credit information companies, and other regulated financial entities, and explicitly covers all models, including third-party models and AI/ML systems.
The Delhi High Court refused ANI’s request for an interim injunction against OpenAI, finding at this stage that storing news reports to train the models behind ChatGPT is protected as fair dealing for research under India’s Copyright Act. The court said ANI had not shown that ChatGPT memorized or reproduced its reports in user responses. The finding is the first substantive Indian ruling on unlicensed news content in large-language-model training, but it is preliminary and the underlying lawsuit continues.