The two-day RBI SAMVAD 2026 seminar in New Delhi (October 19–20) highlighted concerns over financial stability from geopolitical tensions, growing AI use and risks from non-bank financial institutions. Deputy Governor Poonam Gupta said financial stability has become a policy objective in its own right, with the focus shifting from individual institutions to the whole system, including non-bank entities, and participants warned that crises are now coming quicker and are more intense. Former RBI Governor Shaktikanta Das cautioned that prolonged conflicts and fragmentation are tightening financial conditions and raising sovereign debt stress, and that untested AI valuations and profit uncertainty could increase vulnerabilities. Other speakers stressed India's macroeconomic stability, common cross-border payment standards, and moving financial inclusion from access toward effective usage.
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