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State Bank of India Chairman C S Setty on Monday cautioned that rapid growth in digital finance, platform lending and data-driven underwriting is creating new vulnerabilities in the financial system, and said resilience must evolve alongside innovation. Speaking at the CII Annual Business Summit, Setty said banks and financial institutions must continue strengthening governance frameworks, capital buffers, cybersecurity capabilities and risk management systems. He said as the banking system undergoes technological transformation, India's financial architecture would have to remain resilient with trust embedded in all innovation. "As India's financial system expands in scale and complexity, trust must remain its foundational principle. Innovation without trust cannot sustain itself. The rapid growth of digital finance, platform lending and AI-driven underwriting creates new opportunities but also new vulnerabilities," he said at a session on 'The Future of Financing'. Setty warned t