Reserve Bank of India (RBI) Governor Shaktikanta Das has stated that India’s banking system is well-equipped to support the nation’s growth, despite emerging challenges in cybersecurity. Emphasizing the need for a focus on IT and cybersecurity risks, Das highlighted the RBI’s dedicated team of supervisors examining the IT systems of banks and non-banking financial companies. The goal is to proactively identify and address emerging risks to maintain a resilient financial system that can support India’s progression toward becoming an advanced economy.