The draft defines ‘Digital Banking Channels, to include internet banking, mobile banking, and other electronic methods for financial transactions. It differentiates between ‘View Only Banking Facility,’ which allows non-transactional services like balance inquiries, and ‘Transactional Banking Facility’, which enables all fund-based and non-fund-based banking services. Banks with a Core Banking Solution (CBS) and IPv6-enabled IT infrastructure are eligible for view-only facilities, with new providers required to inform the RBI and submit a ‘Gap Assessment and Internal Controls Adequacy’ (GAICA) report. For transactional banking facilities, prior RBI approval is mandatory, subject to prudential eligibility criteria including CBS implementation, regulatory capital requirements, minimum net worth, adequate financial and technical capabilities, and a satisfactory regulatory compliance track record. The feedback/ comments from stakeholders are invited.(Link: RBI Press Release Dated 21/07/2025, Draft Directions)