  Leaders failed to “lean against the wind”, thereby betraying lack of courage and conviction. 18. Admittedly, the above narration of failure of leadership as a cause of the crisis is sketchy.
But the point to take away from this is the type of leadership qualities required to keep the financial system stable so that it can aid, rather than impair, the growth of the real sector. Leadership role of RBI 19. This may be an appropriate point to talk about leadership at the Reserve Bank of India.