Mumbai, Oct. 17 -- IMF Managing Director Kristalina Georgieva has voiced fresh caution about elevation in valuations. She noted in a speech yesterday that Stretch valuations are a reality and AI has created this enthusiasm. If this bet (AI) pays off, we are in a very good place. But what if it does not or it does not fast enough? IMF is very watchful on this, she opined. Georgieva also stated that we have seen a very significant shift of financing from the banking sector to nonbank financial institutions to a point that more than half of financing is now there. The nonbanking financial institutions do not enjoy the same level of regulatory oversight as the banks do. She was referring to couple of US companies that have collapsed in the auto...