Some of the major  12  BIS central bankers’ speeches  recommendations which have been accepted by the Reserve Bank and guidelines issued include facility of basic savings account, uniform account opening forms, issuance of ATM cards at the option of the customers, two-factor authentication for Internet Banking and debit card transactions at POS, SMS alert for all cheques returned, etc.
When identifying and assessing the policy-relevant underlying trends in monetary expansion, it is important to look through short-term volatility and the impact of temporary factors on developments in specific monetary aggregates. Taking the appropriate broader and mediumterm-oriented perspective, there are several indications that increases in short-term interest rates over recent quarters have influenced monetary developments.