Next financial crisis may stem from cyberattack or geopolitical shock, RBI governor says

Economic Times - Oct 3, 2026

RBI Governor Sanjay Malhotra said the next financial crisis may be triggered by geopolitical shocks, cyberattacks or technology failures rather than the banking system itself, calling for stronger resilience across markets, payments, non-banks and critical infrastructure. He said India’s financial system remains strong, but warned that “today’s resilience” does not guarantee immunity from future shocks.

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