While RBI has been tweaking the guidelines in response to situations as they emerged, there was a widening gap between our norms and the global standards and practices. A comprehensive review was therefore overdue and called for. 10  23.
With the stabilisation of CBS, it is now the optimal time for business to commence their process of demanding from IT. And once the clarity of requirements is established, the choice (one more C) of the correct ( C again!) IT solution would be smooth. To this end, we need to re-orient our efforts so that IT systems are our slaves and not vice-versa.