Further, with the Government of India’s plans to develop hundred smart cities across India, there is ample opportunity to open branches in these centres and in fact I believe many existing foreign banks in India would by now have started to strategize to foray into such centres so as to have the first mover advantage.
IT security is more often than not a people related aspect than a technical issue. This is applicable to both insiders and customers of banks as well. There is a need to be vigilant against an insider who may know more than what is required and when aided with unfettered access, could wreak havoc on the bank concerned.