<h1>RBI Deputy Governor Stresses Governance in Banks for Sustainable Growth; Urges Alignment of Management Incentives with Depositor Interests.</h1> The Deputy Governor of the Reserve Bank of India emphasized the critical role of governance in banks for sustainable growth and stability. He highlighted the importance of aligning management incentives with depositor interests and the need for robust governance frameworks. The RBI has historically focused on governance, issuing guidelines and forming committees to enhance bank governance structures. Recent global banking events underscore the necessity of transparent risk management and accountability. Boards are urged to ensure management transparency, align compensation with long-term risk, and maintain effective assurance functions. Strong governance is vital for maintaining trust and supporting India's financial growth ambitions.