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MUMBAI: The Reserve Bank of India said the Indian economy and financial system remain susceptible to geopolitical tensions and related shocks, even as an interim peace deal is in place. At the same time, stress tests indicate that financial institutions are well positioned to withstand adverse shocks.In its bi-annual Financial Stability Report, the RBI flagged concerns over customer service in the insurance sector and again cautioned that rising interconnectedness among financial institutions c…
In its bi-annual Financial Stability Report, the RBI flagged concerns over customer service in the insurance sector and again cautioned that rising interconnectedness among financial institutions could act as a potential channel for contagion. The report noted that cybersecurity risks have emerged as a key financial stability concern.
