Lower risk weights for lending to MSMEs and home loans are expected to ease capital requirements, encouraging banks to expand credit in these sectors.Another significant change is the shift to risk-based deposit insurance. Currently, all banks pay a flat 12 paise per Rs 100 of deposits. This will incentivize sound risk management by banks and reduce the premium for stronger institutions,” Malhotra said.The RBI has moved to widen credit access and lower financing costs. The internal ombudsman system within banks will be strengthened, while the RBI’s own ombudsman scheme will be revised to cover rural cooperative banks as well.Internationalisation of the rupee is another theme. “As India strives towards achieving Viksit Bharat by 2047, it will need the coordinated support of fiscal, monetary, regulatory and other public policies,” he said.