SBI Chairman CS Setty says the fast growth of AI-driven lending is both an opportunity and a new threat for banks. He warned that digital finance expands the attack surface for cyberattacks while also creating risks from algorithmic bias. Setty urged that trust, safety, and inclusion must stay at the core of India’s financial innovation—without cutting corners on safeguards.
SBI Chairman C S Setty cautioned that digital finance and platform lending are expanding quickly but may outpace trust, governance, and risk controls. He urged a balance between speed and safety, ensuring inclusion. Setty also said India’s development will require large-scale capital beyond what banks can provide, calling for deeper bond markets and more investor participation.
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A new HSBC report shows Indian companies are going global with confidence: nearly all businesses plan to expand cross-border trade and investment over the next five years. As economic uncertainty persists, they’re reshaping strategies and deploying more capital internationally. High-growth markets are the target, with AI and digital finance playing an increasingly central role in expansion plans.
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