Way forward On the way forward the challenges are going to be banks using multiple channels for delivery of variety of financial services, developing synergies with MFIs and SHGs by introducing seamless ICT based models linked to such intermediaries, availability of skilled manpower to facilitate the adoption of IT on such large scale, use of IT for credit information and efficient credit delivery and risk management in a much bigger way, moving away from the use of cash and emergence of enough leaders in the banking system especially in the public sector banks/RRBs and cooperative banks to recognize the opportunities and take advantage of their specific strengths including location.
First, we are laying the groundwork for closing major data gaps. Second, we are evaluating what fundamental legislation is needed to even more effectively counter risk in the real estate market going forward. 6. Banking union and financial stability  We have taken a huge step forward at the European level this year.