Cyberattacks and geopolitical shocks as possible triggers of the next financial crisis

The Economic Times reports that RBI Governor Sanjay Malhotra said the next financial crisis may stem from a geopolitical event, cyberattack or technology failure rather than the banking system. He called for stronger resilience across financial markets, payment systems and technology infrastructure. Malhotra said India’s financial system is resilient but warned that its strength today does not guarantee immunity from future shocks.