"Dravid is doing well at the helm. In the recent past we have not won four matches consecutively. This is a good thing to have happenned to Indian cricket," Vengsarkar said here.
"In the current scenario, Dravid should be persisted with as captain in both forms of the game," Vengsarkar told reporters when asked whether India should have separate skippers for One-Day Internationals and Tests.
"A player who does well in Tests is likely to do well in One-dayers also. But there is no guarantee that one doing well in ODIs will do so in Tests also," Vengsarkar said.
The former stylish batsman felt that Sourav Ganguly had it in him to bounce back into the team.
"I believe he has the potential to come back. He is fit. If he can prove himself, he can certainly be back," he said.
Expressing satisfaction at the performance of youngsters in the current series against Sri Lanka, Vengsarkar mentioned the names of Irfan Pathan, S Sreesanth and R P Singh.
Vengsarkar, the chairman of the BCCI's Talent Resource Development Wing, said that the role played by the National Cricket Academy and the Talent Resource Development Officers (TRDO) had started bearing fruit.
"The success of these youngsters is a combination of the coordinated work put in by the TRDOs and the NCA," he said.
With coach Greg Chappell's emphasis on taking in young blood, the coordination between the senior and junior national committees had increased, said Vengsarkar.