04 February 2026: Axis Bank, one of the largest private sector banks in India, has become the first financial services institution globally to be certified by BSI for the international standard, ISO/IEC 42001 Information Technology – Artificial Intelligence Management System (AIMS). After a comprehensive audit assessing the Bank’s Artificial Intelligence (AI) governance, risk management, and project execution practices, Axis Bank was formally awarded the certification at a presentation ceremony at Axis House Worli on 19 January 2026.
The standard, which is globally applicable, is designed to enable the safe management of AI and build the trust needed for its secure and responsible use across society. It supports organizations in the responsible deployment of AI, addressing key considerations such as non transparent automated decision making, the use of machine learning in place of human coded logic, and the need for continuous learning.
The AIMS standard outlines how to establish, implement, maintain, and continually improve an AI management system, with a clear focus on safeguards. As an impact-based framework, it sets out requirements for context-based AI risk assessments, details risk treatments and controls for both internal and external AI products and services. It further helps organizations in fostering a quality-centric culture and in responsibly shaping the design, development and delivery of AI-enabled products and services that benefit both the organization and society.
Omkar Joshi, Global Managing Director, AI & Digital Solutions, BSI said: “AI has the potential to be a significant force for good in society, transforming lives everywhere. But to realize its benefits, having the guardrails in place for the safe and ethical use of AI is critical. Certification to this standard offers reassurance to stakeholders on the safe and responsible use of AI in an organization’s products and services, paving the way for them to harness AI to accelerate progress towards a better future and a sustainable world.
“Axis Bank’s achievement demonstrates how digital innovation and strong governance can progress together. BSI is proud to work with Axis Bank in strengthening trust, resilience and accountability across the banking ecosystem.”
Commenting on the achievement, Vinay Tiwari, Chief Information Security Officer, Axis Bank, said, “At Axis Bank, we firmly believe that the sustainable value of artificial intelligence lies in innovation that is anchored in strong governance, transparency, and security by design principles. BSI ISO/IEC 42001 AIMS certification reinforces our commitment to embedding responsible AI practices across the organization, supported by comprehensive risk management processes, robust control frameworks, and globally benchmarked standards. The adoption of ISO/IEC 42001 further strengthens our ability to scale AI initiatives in a secure and ethical manner, enabling us to deliver meaningful innovation while continuing to safeguard customer trust and data.”
Further information on BSI’s AI management system certification
