{
  "id": 11657345,
  "title": "Next financial crisis may stem from cyberattack or geopolitical shock, RBI governor says",
  "url": "https://urgent.news/2026/10/03/next-financial-crisis-may-stem-from-cyberattack-or-geopolitical-shock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-03T10:14:07.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/policy/next-financial-crisis-may-stem-from-cyberattack-or-geopolitical-shock-rbi-governor-says/articleshow/134656709.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "Reserve Bank of India Governor Sanjay Malhotra has warned that the next financial crisis could be caused by a geopolitical event, cyberattack, or technological failure, rather than issues within the banking sector. Speaking at the Fifth Kautilya Economic Conclave, Malhotra emphasized the need for stronger systemic resilience against interconnected risks, urging better understanding of dependencies and contagion channels. He stressed that financial stability is about containing the amplification of shocks, not just preventing them, and that resilience should extend beyond banks to include non-bank financial intermediaries, financial markets, payment systems, technology infrastructure, and cross-border networks. Malhotra also called for improved data quality to enhance risk assessment, noting that emerging technologies like artificial intelligence could boost efficiency but must preserve sound institutions and financial integrity. He noted that India could benefit from capital inflows if AI-related valuations correct, but private credit remains small and not currently a threat to financial stability. Despite the system's resilience, Malhotra cautioned against complacency, emphasizing the need for vigilance and proactive regulation to withstand both anticipated and unforeseen shocks.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}