RBI Warns Over Fake ‘Deepfake’ Videos of Senior Officials on Social Media

The Reserve Bank of India (RBI) on Tuesday expressed concern over “deepfake” videos circulating on social media. These videos falsely claim that the RBI Governor has promoted or initiated certain investment schemes. In a statement, the RBI warned the public about “deepfake” videos of its top management circulating on social media giving financial advice.

“The Reserve Bank of India has noticed that fake videos of the Governor claiming to have initiated or supported some investment schemes by the RBI are doing the rounds on social media,” the official statement of the RBI said.

“RBI clarifies that its officials do not participate in or support such activities and these videos are fake. RBI does not provide any such financial investment advice,” the statement said. The statement was included.

The RBI has warned the public to avoid engaging with or falling victim to “deepfake” videos circulating on social media that make false claims that RBI officials are providing financial advice. Earlier this year, the National Stock Exchange (NSE) issued a similar advisory, urging investors not to be fooled by fake AI-generated videos of its MD and CEO Ashishkumar Chauhan allegedly recommending stocks.

These deceptive videos circulating on social media often feature prominent business leaders who appear to be giving stock tips or business advice, but all such videos are produced using artificial intelligence.

In response, exchanges actively monitor the spread of unconfirmed news about companies that have not been officially disclosed. If such news emerges, exchanges usually request confirmation or denial from the relevant companies to prevent investors from acting based on false or misleading information.

Meanwhile, deepfake videos are increasingly being used to spread misinformation, including fake financial advice. Recently, prominent figures in the financial world have been targeted on social media with videos purporting to recommend stocks or investment plans – often with harmful intent.

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