While the Indian economy is exhibiting strength and resilience amid global headwinds, the Reserve Bank of India (RBI) is watchful of emerging risks, central bank governor Shaktikanta Das said and cautioned against disruptions in the financial system from new technologies.
Das said the matrix of financial stability is perhaps at its best, but the real challenge is to maintain it and improve upon it further.
"New technologies offer gains in efficiency and customer experience, but they can also bring with them sudden and widespread disruptions to the financial system," Das said in the foreword of the June edition of the Financial Stability Report, released on Thursday.
This story is from the June 28, 2024 edition of Business Standard.
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This story is from the June 28, 2024 edition of Business Standard.
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