<h1>Deputy Governor Urges Enhanced Risk Management and Governance for Sustainable Growth in Financial Sector.</h1> The Deputy Governor of the Reserve Bank of India emphasized the critical role of assurance functions in managing risks and fostering sustainable growth in the financial sector. He highlighted the importance of regulatory frameworks that adapt to technological advancements and evolving consumer demands. Key challenges such as third-party dependencies, cybersecurity, and customer conduct were discussed, urging financial entities to enhance transparency and operational resilience. The Deputy Governor advocated for a Combined Assurance Model to integrate risk management functions, streamline processes, and improve governance. He stressed the need for a proactive approach to risk management to maintain trust and confidence in the financial system.