BIS central bankers’ speeches  5  benefits electronically to the citizens, the volume of transactions in the electronic payment systems would grow manifold. Further, as the IDC Financial Insights, April 2012 has reported “banks would like to see their core banking systems help them cope with the onslaught of new regulations and the new reporting requirements that come along with the new rules”.
Besides, several initiatives listed in the "Payment Systems in India: Vision 2012–15" such as uniform routing code, uniform account code, electronic trade financing etc are going to affect the way the banks are processing transactions today and would require, if implemented, suitable adjustments by banks.