While we have the guidelines to M-power financial services, it is necessary for us, the RBI, banks and the MSPs in particular,  4  BIS central bankers’ speeches  to take this forward in the 4th gear by convincing the common man not only on the power of the mobile phone for doing financial transactions but also the safety and security aspects of mobile banking, to provide a level of comfort.
And one key factor in enhancing the resilience of banks is to strengthen their capital base. I will return to this point later on. When talking about capital and credit, it is quite obvious that there are different traditions in the United States and in Europe.