As you are aware, Reserve Bank has created NEFT/RTGS system that is acting as de-facto remittance system in the country. Reserve Bank is on the verge of putting in place the Next Gen RTGS which will be more secure, safe and efficient than the existing one.
Furthermore, the systematic importance of certain agents, ie their crucial role they played for whole financial market segments, had been underestimated for too long. 3. Regulatory reform as a lesson to be learned from the crisis  Where the causes are multilayered, multilayered regulation is the appropriate measure. As a first line of defence, the microprudential level of regulation will be strengthened.