My personal view is that in the near term we will have to rely more on supervision, supplemented increasingly by market discipline, as we develop and deploy the revised capital regulations.
Similarly, the customers are also allowed to open a small account in the banks even without “proof of identity and address” by submitting a recent photograph and signature. While banks have been granted autonomy in fixing minimum average balance or for charging for premium services, it should not be used as an excuse to deny service or  to drive away common man. 6.