Reflecting changes in the EU legal framework too, regulation of the most common products now provides for standardised pre-contractual information that makes key information adequately salient. The regulator plays a delicate role in selecting the most relevant information, based for instance on the size of the revenues from certain fees and tariffs, and finding ways to increase its visibility.
Reserve Bank of India has been keeping in pace with the developments and introduced the Electronic Clearing Service (ECS) followed by the Electronic Fund Transfer System, later extended as the National Electronic Fund Transfer (NEFT) and the Real Time Gross Settlement (RTGS).