<h1>Indian Banking Sector Faces Asset Quality, Capital Adequacy, and HR Challenges; Urged to Enhance Risk Management and Tech Adoption.</h1> The Deputy Governor of the Reserve Bank of India highlighted the challenges facing the Indian banking sector, including asset quality deterioration, capital adequacy issues, and human resource gaps. He emphasized the need for improved risk management, adherence to KYC/AML norms, and effective balance sheet management. The lecture also addressed the impact of global regulatory changes, technology adoption, and the importance of fair customer treatment. The Deputy Governor urged banks to leverage opportunities from initiatives like the PMJDY scheme and to focus on building a robust financial system to support economic growth.