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Banks must prepare for unknown risks: RBI DG ahead of MPC decision
short by Sourav Kumar / on Thursday, 4 June, 2026
RBI Deputy Governor Swaminathan J said that the banks should not only prepare for known risks but also make themselves adaptable to uncertain ones, highlighting the recent geopolitical tensions and market volatility. The remarks come ahead of Monetary Policy Committee's (MPC) decision on repo rate, this Friday. Swaminathan also urged banks to deal with uncertain AI and cyber related risks.
read more at Financial Times