The Reserve Bank of India urgently needs a dose of reform. The central bank is too set in its conservative ways. The prime example of this is continued control over branch expansion in Tier-1 and Tier-2 cities. An organisation as large as RBI is unlikely to reform from within. The governor, who is an outsider in the sense that he moved to Mint Road from North Block, should be in a position to nudge his vast burea-ucracy to reforming the way it operates. The liberalisation of branch expansion in Tier-3 to Tier-6 towns is a good start.
Sanjeev Bisht Delhi