New Delhi, June 30 -- Banks and non-bank lenders see AI-enabled cyber threats as the biggest risk to their businesses over the next 12 months, according to a Reserve Bank of India (RBI) survey.

The survey, cited in RBI's Financial Stability Report on Tuesday, was conducted across major Indian banks and NBFCs to assess cyber risk preparedness.

"Survey responses indicate that AI-enabled threat preparedness is at varying stages of formalisation and implementation within their existing cyber risk management frameworks," it said.

Most respondents classified themselves in the 'developing' or 'intermediate' stages, while a smaller share reported in the 'mature' stage. "Rapid advances in AI can increase the sophistication, speed and scale of c...