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Story summary
- RBI Governor Sanjay Malhotra warned that current financial resilience may not ensure future immunity.
- He listed five stability risks: elevated debt, stretched asset valuations, high leverage, private-credit exposure, AI-driven cyber threats.
- He said rising global debt-to-GDP and shorter maturities have hardened sovereign bond yields, tightening fiscal space.
- He cautioned that a slowdown in AI investment could sharply reprice financial assets across the AI value chain.