New Delhi, May 19 -- In an increasingly interconnected world, credit risk is no longer shaped solely by balance sheets, repayment histories, or sectoral performance. Today, not only the country's economy but also an individual's finances are influenced by geopolitical conflicts, supply chain disruptions, climate shocks, and shifts in global headwinds. The ripple effects of such events are no longer contained within borders; they travel far and wide, globally.

Consider a scenario that would have seemed unlikely a decade ago - restaurants in Mumbai experiencing closures or severe stress due to a geopolitical conflict. Yet, in today's globalised economy, such outcomes are not only possible but increasingly likely. Energy price volatility, d...