Today, I intend to cover ten major challenges confronting the Reserve Bank and focus on the opportunities available to the commercial banks in relation to some of those challenges and role that the bankers can play to meet the challenges.
The 10 challenges & concerns I would focus today are: (i) propelling revival of domestic growth; (ii) controlling persistent inflation; (iii) mitigating external sector vulnerabilities; (iv) deepening the financial markets; (v) maintaining a robust banking system; (vi) ensuring integrity of the financial system; (vii) building efficient government banking business models; (viii) moving towards a less-cash society; (ix) better customer service orientation of banks and (x) enhancing the quality of financial inclusion.