News Delhi, Oct. 3 -- Reserve Bank of India (RBI) governor Sanjay Malhotra on Saturday flagged five major vulnerabilities to global financial stability, including elevated debt, stretched asset valuations, high leverage, private credit risks and cyber threats amplified by artificial intelligence (AI).

"Each of these five risks individually, as I mentioned, may not be a matter of concern as of now, but simultaneous occurrence of these shocks can put significant pressure on the global financial architecture," he said on Saturday.

Speaking on major emerging global financial stability risks at the 5th Kautilya Economic Conclave (KEC) in New Delhi on Saturday, he said the financial system has absorbed the supply shock due to the West Asia co...