The recommendations of the Mor Committee relating to Financial Inclusion like allowing NBFCs to work as BCs,  2  BIS central bankers’ speeches  removing distance criteria of 30 kms for BCs, single proof of address either permanent or current for KYC compliance have already been implemented. Further, the draft guidelines for licensing of payment and small banks have been issued.
Technology for improvement in borrowers’ identification and credit reporting “Technologies that reduce asymmetric information in credit markets are technological innovations which can be leveraged for improved borrower identification.