Additional, future safeguards - such as the NPR process and the minimum one-year parallel run and the minimum two-year transition period, with options to extend either - will also ensure ample opportunity to recalibrate or seek other adjustments if necessary.
More importantly, it needs to be achieved in a commercially viable way; banks and other service providers must not see it as a mandate whose burden they have to bear in terms of higher costs and lower earnings. As Governor Dr. Subbarao has put it, financial service providers must see inclusion as an opportunity, not an obligation.