When I wrote a piece (http://goo.gl/SiFxI2 ) about the Nachiket Mor committee report recommending the setting up of payments banks in January this year, I honestly did not think that six months later we’d be looking at draft guidelines for such banks. But here we are! On 17 July 2014, the Reserve Bank of India (RBI) released the draft guidelines for payments and small banks (http://goo.gl/4P7FuT ) and will receive feedback on them until 28 August 2014.