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    <title>Resilience by Design: Lessons from India’s Banking Sector - Speech by Shri Swaminathan J, Deputy Governor, Reserve Bank of India, on June 1, 2026, at the School of International and Public Affairs (SIPA), Columbia University</title>
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    <description>Banking resilience is an institutional project that must be built before stress emerges, through transparent recognition of stress, balance sheet repair, stronger supervision, calibrated regulation and disciplined conduct within banks. Timely recognition of asset quality problems changes incentives across banks, borrowers, supervisors and markets, while delayed recognition increases the eventual burden of resolution. Regulation and supervision must remain risk-based, adaptive and attentive to governance, technology risk, cyber resilience, customer conduct and emerging vulnerabilities.</description>
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