<h1>Deputy Governor of RBI Stresses Importance of Strong Risk Management in Indian Banks Amid Basel III Reforms.</h1> The valedictory address by the Deputy Governor of the Reserve Bank of India at a seminar highlighted the challenges and developments in risk management within the Indian banking sector. Banks face high risks due to operations with borrowed money and provide diverse financial services. The address emphasized the significance of robust risk management practices, particularly in light of past financial crises and the introduction of Basel III reforms. These reforms focus on capital, liquidity, and leverage to enhance banking system resilience. The Reserve Bank of India has adopted measures to mitigate systemic risks, including countercyclical capital buffers and enhanced disclosure requirements, aiming to improve risk management and financial stability.