In a HDBS design, the basic design element remains a full-service bank that combines all three building blocks of payments, deposits, and credit but is differentiated primarily on the dimension of size or geography or sectoral focus. In a VDBS design, the fullservice bank is replaced by banks that specialise in one or more of the building blocks of payments, deposits, and credit.
Among others, the Committee suggested licensing of Payments Bank and wholesale banks as differentiated banks. 2  BIS central bankers’ speeches  17.