Among the promised reforms from new RBI head Raghuram Rajan will be allowing banks to open new domestic branches without central bank permission and the issuance of long-awaited new banking licenses by January.
The RBI will also soon issue inflation-indexed savings certificates and take steps to encourage financial services for the poor.
He plans his first monetary policy address on September 20.
"Some of the actions I will take will not be popular ... The governorship of the central bank is not meant to win one votes of Facebook 'likes.'"