The extensive use of technology facilitates this by allowing banks to operate virtual branches in the form of an IT-enabled Business Correspondent (BC). This model shows some promise as it rolls out across the country, and also some limitations. It is reasonably clear that the BC model is not infinitely scalable.
The proposals are also somewhat different with respect to the height of the ring-fence. The ICB included restrictions on cross-ownership, for example. As suggested by the Parliamentary Commission of Banking, tasked with the pre-legislative review of the bill, the ring-fence will now be “electrified” by giving authorities reserve powers to require full separation.