These policies include higher capital and liquidity requirements for all banks and in particular for systemically important banks. More resilient financial institutions can better withstand negative shocks and are less likely to amplify them. This mitigates negative repercussions on the real economy.
Credit must be given to Indian Banks who have brought on the new wave of techno-banking in the country. In a short span of less than two decades, customers of banks have felt the positive impact of technological solutions implemented by banks.