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.
4  In the BIS statistics on cross-border credit outstanding by maturity, it is not evident that borrowing of less than one-year maturity has been decreasing. However, the authorities report the considerable reduction in those of very short-term maturities. BIS central bankers’ speeches  3  institutions.