Mumbai/IBNS: The Reserve Bank of India (RBI) on Tuesday (Nov. 19) issued a warning to investors regarding the circulation of deepfake videos featuring Governor Shaktikanta Das on social media.

These videos falsely claim to promote or support RBI-backed investment schemes, misleading viewers into making financial decisions. 

The RBI clarified in an official statement that these deepfake videos are designed to give fake investment advice, encouraging people to invest in fraudulent schemes by using advanced AI technology to create the illusion of authenticity. 

“Fake videos of the Governor are being circulated on social media, which falsely claim the launch of or support for certain investment schemes by RBI. These videos are attempting to influence the public to invest in these schemes using technological tools,” the RBI said. 

Deepfake technology uses artificial intelligence (AI) to create realistic but fabricated photos, videos, and even audio, often making it difficult to distinguish them from genuine content.

The term "deepfake" comes from "deep learning," a form of AI that enables the creation of highly convincing fake media. 

The RBI made it clear that none of its officials are involved in these activities and stressed that such videos are entirely fake.

"RBI clarifies that its officials are not involved in or endorsing any such activities, and these videos are fake. The RBI does not offer financial investment advice of this nature," the central bank emphasised. 

The RBI further urged the public to be cautious and avoid engaging with or sharing these deceptive videos, advising investors to stay alert to protect themselves from falling victim to such scams.