Labour: Despite huge unemployment, lack of employable people with right type of skills, inflexibility of the labour laws, growing signs of industrial unrest and rising wage demand have resulted in labour related deficit. In knowledge intensive sectors, which need people trained in hard subjects like science and mathematics and quality engineers, also face problems in hiring required people.
Before granting approval for introduction of internet banking, we at the Bank look at the risk management framework, the data and physical security and safety of the processes apart from the technological platform. We are in the process of revising the existing guideline on internet banking to make it more comprehensive and to align it with recent developments.