Regulatory initiatives, especially those intended for customer convenience or safety, often face opposition. Resistance to change is couched under the excuse of customer convenience. There was a strong push-back when the Reserve Bank introduced 2FA, about a decade back, although everyone cites it today as a unique success story in India’s payment evolution.
BIS central bankers’ speeches  3  The latest data available to the Central Bank on house purchase prices for first-time buyers nationally suggests the median house price was € for the first half of 2015. 16 This is associated with a deposit requirement of 10 per cent of the purchase price.