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<h1>RBI Governor discusses financial sector transformation, COVID-19 impacts, and rise of FinTech at India Economic Conclave 2021.</h1> The Governor of the Reserve Bank of India discussed the financial sector's transformation in the new decade at the India Economic Conclave 2021. He highlighted the shift in financial vulnerabilities from the real sector to the financial sector due to COVID-19, emphasizing the importance of strong capital buffers and regulatory reforms. In India, maintaining banking sector health is a priority, with a focus on capital, governance, and risk management. The rise of FinTech and digital payments is reshaping the financial landscape, necessitating regulatory adaptations. The RBI aims to foster innovation while ensuring financial stability and cybersecurity.