Kathmandu, Dec. 12 -- To promote the adoption of artificial intelligence (AI) technologies that enhance efficiency, innovation and customer experience while ensuring financial stability, integrity and operational resilience, the central bank has prepared a draft AI Guideline and sought feedback from stakeholders.

According to the draft prepared by Nepal Rastra Bank's Financial Institutions Regulation Department, the guidelines aim to steer licensed banking and financial institutions toward the responsible, transparent and ethical use of AI.

They apply to all institutions licensed by the central bank, including commercial banks (Class A), development banks (Class B), finance companies (Class C), microfinance institutions (Class D), Nepal...