<h1>RBI Governor Stresses Transformative Governance and Ethical Conduct for Sustainable Growth in Private Sector Banks.</h1> The keynote address by the Reserve Bank of India's Governor at the Conference of Directors of Private Sector Banks emphasized transformative governance through sound boards. Key points included the need for boards to adopt proactive governance frameworks that address emerging risks and opportunities, ensuring agility, innovation, and sustainability. The address highlighted the importance of situational awareness, managing business model concentrations, operational risks, and leveraging technology responsibly. Emphasis was also placed on customer-centric practices, ethical conduct, and financial literacy. The Governor urged boards to align strategies with India's developmental goals and stressed the significance of robust governance for sustainable growth and trust in the banking sector.