I am sure Mr Rajan must have been fed up with the lists of “Do” s and ” Don’t”s received from various ,( and most of them from very respectable) levels . But such a fear should not and could not prevent me from penning a few issues which I think are relevant. Many issues may not be directly under his scope and command, but I am placing them since they do affect his performance and he certainly has an access to the relevant corridors.

So here we go

1.. We need to play from the front foot and need to be aggressive in ensuring a healthy spread of banking culture particularly among rural and marginalized urban population

2.. Believe it or not, but let us admit that Indian Banks and RBI have done a commendable job in keeping all our Commercial banks afloat. Their a bit conservative attitude has kept us away from the massive typhoons of Derivatives of umpteen levels ( unlike USA )

3.. Co operative Bank segment needs a serious fresh look. The cooperative sector needs massive amendments in the Act itself to keep them away from Political/ unprofessional interventions .
I think this sector, if professionally and carefully monitored, can ensure a widwer spread of banking culture

4.. The Banking sector needs enhanced capital support to keep its spread in affordable limits and to meet the inevitable NPA pressure due to the slow down ( I assume NPA created due to corrupt practices will be severly dealt with)

5.. The Agro financing and MSME financing is so crucial , but for obvious reasons of weaknesses of the sectors, the banks have taken a very lukewarm interest and provide more lip services rather than actual finance. Actions and some initiatives need to come from both the sides of the table. Be clear that the ball at this point of time appears to on a No Man’s Land .

A few ones can be added, but let me post at least these as a starter !