I am happy to know that the majority of banks in India are registered with the BCSBI, indicating their willingness to adopt the voluntary Code. Those Banks, which adhere to the BCSBI Code, would provide the RBI necessary supervisory comfort; and I have no doubt that all the banks will join the main stream.
The answers to these questions are important because the firewalls are far from costless. They impose operational inefficiencies on bank holding companies that increase their costs and reduce their competitiveness, and they limit a bank holding company’s ability to market its products in a way that is both most profitable and desired by its customers.