On its part the central bank is launching a project to use e-CIB to develop an industry wide scoring system based on credit history as captured by e-CIB. (vii)  Commercial banks now have de facto moved into conglomerate structure with or without holding companies framework. By and large banks have acquired stakes in NBF institutions including insurance, brokerage, financial advisory services etc.
Unfortunately, these are reflections and lessons with the benefit of hindsight, and we cannot fully use them as a practical guideline for making policy on a real time basis. We need a more pragmatic approach.