High time Govt in consultation with RBI removes that stupid rules stopping big businesses from acquiring bank shares and becoming board members.
Archaic in nature retrograde in thought process dancing to socialist/communist tunes.
A lot if good can come from that https://twitter.com/JainSumeetS/status/1194423659726692352

What RBI can do is NOT to accumulate reserves and try to declare huge dividends but develop a strong forensic team which can crack down on banks.
Now that all banks are having Core banking software it must be easy to centralise the forensic investigation

A crack team of technology wizards, sharp accounting minds, hacking experts and a few CAs and business experienced MBAs with an overall view to pitch in the possibilities during weekly meetings must do the trick here.

Keep the teams region wise with predominant expertise in local business practices and divide the work with clear time and completion commitments.
Each unit to not have more than 10 people.
I have seen such units in Kotak to handle stressed assets.A very small team handling issues

My experience in seeing how NSE improved upon its members financial discipline must serve as a lesson for all central authorities in handling its members.
Today NSE can be said to have eliminated 95 to 98% if delinquency among its members by rigid reporting systems

It's another matter that NSE members feel choked due to such highly centralised operations and constant follow up by NSE.
But by and large investors who trade in NSE can be quite relaxed that their payouts be it cash or shares will be there in T+2 promptly.
RBI can learn from NSE