New Delhi - The Indian economy and banking sector are well positioned to withstand emerging global risks arising from the West Asia crisis, shifting trade policies, tariffs and growing cyber threats, Reserve Bank of India (RBI) Governor Sanjay Malhotra said.

Speaking at the FICCI-IBA Annual Banking Conference, Malhotra acknowledged that the global economic environment remains challenging, citing elevated public debt in advanced economies, increasing interconnectedness between non-banking financial companies (NBFCs) and the unregulated financial sector, and high equity valuations.

“If there are corrections, all of these could have spill-over effects,” the Governor said . . .