<h1>RBI Deputy Governor Stresses Need for Risk-Based Supervision to Boost Risk Management in Indian Banks.</h1> The Deputy Governor of the Reserve Bank of India addressed a conference on the importance of implementing Risk Based Supervision (RBS) in Indian banks. The initiative aims to improve the identification and management of risks within banks, ensuring a robust supervisory framework. The speech highlighted the need for effective risk management systems, a reliable Management Information System, and risk-based pricing. The Deputy Governor emphasized the crucial role of bank boards and non-executive directors in overseeing risk management practices. The transition to RBS is seen as essential for maintaining financial stability and preventing future crises, requiring collaboration between banks and the Reserve Bank.