RBI breaks out of the cave and allows payment banks in India. With lending off the table, payment banks don't pose systemic risk while allow for more supply in the payments business.
We wait for the emergency to hit before we begin planning for it. Bad idea. Be the ant. Nothing stops you from being a cool ant.
Indian financial sector regulators are moving towards the superior the Indian Financial Code. But, gosh, they kick and scream!
Banks don't want to turn brokers of insurance products in India as it will make them responsible for what they sell. Not something they want to do!