The Reserve Bank of India has granted permission to StCBs and CCBs to participate in the payment system and offer RTGS/ECS/NEFT facilities to their customers/members. Since IT infrastructure is the prerequisite for offering these services, Core Banking Solution (CBS) is being implemented in StCBs and CCBs.
So too with an attenuation of the processes currently underway to reduce the imbalances which are extant in the global economy through unchanged or increased protectionism, reluctance to permit currencies to appreciate (or depreciate) in accordance with economic fundamentals.