Looking further ahead, important challenges remain to improve banking sector stability: First, banks’ business models need to become more sustainable. In my view, banks’ business strategy should not be directed towards increasing short-term profits by way of taking on extensive risks to the detriment of the long term viability of their business.
•  Banks have to think and act differently and make themselves more flexible so as to meet even the smallest requirements of the rural population. 6  BIS central bankers’ speeches  BC model There are many challenges being faced while implementing BC model. Sustainability and scalability of the BC model is essential.