we will also provide education on how to conduct transactions in safer and more secure fashions, especially given the increasing importance of electronic commerce, online banking and electronic money. this pushes along the desired path of being less dependent on physical cash in our daily transactions. we are pleased to be partnering with the clearing banks ’ association with this campaign. we will also be working with several industry stakeholders throughout the year to ensure that the campaign is well - rounded, relevant, and can reach as many people as possible. we encourage the public to visit the campaign website www. getmoneysmartbahamas. com /, for 1 / 2 bis central bankers'speeches information that will be updated at regular intervals throughout the year. we also encourage the public to follow get money smart bahamas on facebook and twitter and to join the conversation online using the hashtag # getmoneysmartbahamas. 2 / 2 bis central bankers'speeches

. it is not rocket science to figure out where the growth potential in our banking sector lies and deposit growth should be allowed to reflect that. 5. divestments : undertaking these measures would improve overall banking sector health, creating an opportune time for the government to divest some of its ownership of the restructured banks, as it has over time in many other sectors of the economy. perhaps reprivatizing some of the nationalised banks is an idea whose time has come? all this would reduce the overall amount the government needs to inject as bank capital and help preserve its hard - earned fiscal discipline, which along with stable inflation outlook and the diverse nature of our growth engine, appears to have made india the darling of foreign investors at the present moment. we should grapple this macroeconomic stability to our shores with hoops of steel. 6 / 7 bis central bankers'speeches let me conclude i wish to encourage you to reflect on all this, read about the current state of indian banking sector in newspapers and economic writing, try to make sense of it from first principles, and ask the question if we have a banking sector that our economy can bank upon. at any rate, i hope that i have provided enough food for thought for the weekend so when you do a financial transaction next week – with a bank, a mutual fund, a stock broker, or an insurance company – you will be tempted to follow the river along which the money flows in that transaction from its source to its destination, invariably finding a few banks along the way! and if you find the rafting exciting enough, do apply to the reserve bank of india where we are looking to rebalance our gender distribution of personnel that has gone a bit askew. we are ready to have in our workforce dedicated women such as all of you. thank you. 1 interestingly, the word “ bankruptcy ” – a term used to describe the situation when a borrower defaults on repayments to be made – derives from the italian term “ banca rotta ”, or a “ broken bank ”, describing the depositors of a bank breaking the bench or the counter of the teller in the republic of genoa when the banker was unable to meet their demands on deposit withdrawals. 2 figure 1. 15, global financial stability report, april 2017 3 table 1. 2, global financial stability report, april 2017 4 the part of the speech that follows builds and expands upon the section on bank resolution in my speech “ some