<h1>RBI Deputy Governor Stresses Need for Strong Compliance Culture in Banks at FIBAC 2019 for Risk Reduction and Transparency.</h1> The Deputy Governor of the Reserve Bank of India emphasized the importance of a robust compliance culture in banks during the FIBAC 2019 conference. Compliance, which involves adhering to laws, regulations, and ethical standards, is crucial for maintaining trust and avoiding reputational damage. A strong compliance culture benefits banks by reducing risks, enhancing transparency, and improving relationships with stakeholders. The Reserve Bank has observed deficiencies in Indian banks' compliance practices and urges improvements. Compliance should be a shared responsibility across all levels of the organization, supported by sound corporate governance and proactive risk management.