RBI Issues Warning Over Fake 'Deepfake' Videos Of Top Officials On Social Media

"RBI clarifies that its officials are not involved in or support any such activities and these videos are fake. RBI does not give any such financial investment advice," the statement added

The RBI has warned the public to avoid engaging with or falling victim to "deepfake" videos circulating on social media

Source : PTI

The Reserve Bank of India (RBI) on Tuesday raised concerns about "deepfake" videos circulating on social media. These videos falsely claim that the RBI Governor is endorsing or launching certain investment schemes. In a statement, the RBI warned the public about "deepfake" videos featuring its top management circulating on social media and offering financial advice.

"It has come to the notice of Reserve Bank of India that fake videos of the Governor are being circulated in social media that claim launch of or support to some investment schemes by the RBI," the official statement of RBI said. 

"RBI clarifies that its officials are not involved in or support any such activities and these videos are fake. RBI does not give any such financial investment advice," the statement added.

The RBI has warned the public to avoid engaging with or falling victim to "deepfake" videos circulating on social media, which falsely claim to feature RBI officials providing financial advice. Earlier this year, the National Stock Exchange (NSE) issued a similar advisory, urging investors not to be misled 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 appearing to offer stock tips or business advice, but all such videos are fabricated using artificial intelligence.

In response, stock exchanges actively monitor the spread of unverified news related to companies that have not been officially disclosed. If any such news comes to light, exchanges typically request confirmation or denial from the concerned companies to prevent investors from acting on false or misleading information.

Meanwhile, deepfake videos are increasingly used to spread misinformation, including fake financial advice. Recently, prominent figures in the finance world have been targeted, with videos circulating on social media claiming they recommend stocks or investment schemes—often with harmful intent.