The adoption of technology has changed the face of the banking sector which can be seen from various transformational developments in the recent past. Core Banking Solution enables banks to extend the full benefits of ATM, mobile banking, tele-banking, internet banking, and card banking, etc. to all customers.
•  What is the toolkit of instruments – are these micro prudential or macro prudential in nature or even macro-economic or other? •  What is the efficacy of such instruments? •  What challenges are posed by macro prudential / financial stability regulation to the traditional understanding of central bank independence?