# Finance Ministry Wants Banks to Share AI Loan Tools

> Finance ministry asks banks to share AI loan collection tools for better credit monitoring.
- Title: Finance Ministry Wants Banks to Share AI Loan Tools | Shortify
- Summary: Finance ministry asks banks to share AI loan collection tools for better credit monitoring. The Indian finance ministry seeks banks' input on AI-driven loan…
- Keywords: finance ministry, ai loan collection, banking, ai implementation, loan collection tools, credit monitoring, Finance, Ministry, Wants, Banks, Share, Loan
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/banking/finance/banking/finance-ministry-seeks-banks-inputs-on-ai-tools-for-loan-collection-assesses-adoption/articleshow/134525053.cms
- Author: Dheeraj Tiwari
- Published: 2026-09-27T18:36:00+00:00
- Read time: 1 min
- Topics: finance ministry, ai loan collection, banking, ai implementation, loan collection tools, credit monitoring
## Finance Ministry Seeks Bank Input
The finance ministry has sought feedback from banks on their use of ai-driven loan collection solutions.

> These discussions are part of the broader agenda on ai implementation in banks, and also on other aspects, including customer protection
## Banks Use AI for Borrower Engagement
Most banks use ai tools for borrower engagement and repayment facilitation, according to a bank executive.

> We have already included agentic ai in our latest reforms agenda, which spans not only collection and credit monitoring, but also fraud management, credit assessment and processing
## Government Assesses AI Adoption
The government wants to assess the extent of ai adoption and implementation stages across the banking sector.

> We have already included agentic ai in our latest reforms agenda, which spans not only collection and credit monitoring, but also fraud management, credit assessment and processing
## EASE 9.0 Reforms
Public sector banks must define a bank-specific approach for genai implementation under the enhanced access and service excellence 9.0 reforms.

> Under the bank reforms agenda, the enhanced access and service excellence 9.0, public sector banks are to assess and define a bank-specific approach for setting up a tech stack and infrastructure for genai implementation
## Rbi Governor on AI Productivity
Rbi governor sanjay malhotra urged banks to establish board-approved ai governance policies for ai-driven decisions affecting customers.

> Effective adoption of ai can significantly improve the productivity of indian banks across operations, sales and customer service, and credit and collection
## AI Threat Intelligence Mechanism
The government established a real-time threat intelligence sharing mechanism for banks and cybersecurity agencies to identify ai threats.

> The government decided to establish a robust mechanism for real-time threat intelligence sharing among banks, the indian computer emergency response team and other relevant agencies to identify emerging threats and disseminate it without delay across the ecosystem
## Key takeaway

The Indian finance ministry seeks banks' input on AI-driven loan collection solutions to assess adoption and improve credit monitoring.