<h1>RBI Revamps Supervisory Framework to Boost Governance, Risk Management, and Cybersecurity in Financial Institutions for Stability.</h1> The Reserve Bank of India (RBI) has revised its supervisory approach to enhance governance and internal controls in financial institutions, aiming to ensure stability and depositor protection. Key initiatives include unifying supervisory functions, improving risk management, and strengthening internal assurance functions. The RBI has established a unified Department of Supervision and a College of Supervisors for capacity building. It emphasizes the importance of sound governance, risk culture, and compliance functions. The RBI also focuses on cyber-security and utilizes data analytics for proactive supervision. These measures aim to address challenges posed by technological advances and evolving financial landscapes.