6  To be clear, this taxation aspect of capital requirements is not their only appeal, or even their primary one. Even if it were almost costless to impose higher capital requirements on bigger banks – so that doing so provided essentially no disincentive to bank size – it might still be a good idea to do so, for purely prudential reasons.
The NSFI aims to unify various initiatives on financial inclusion into a coherent platform so we can exploit economies of scale and expertise across various government agencies. Many private sector agents have come to work with us under the NSFI – including telcos. We also hope to elicit interest from those here in the room.