During the last two decades, banking in India has undergone a paradigm shift. From ‘paper-based branch banking’ it has morphed into ‘Anywhere Anytime Banking’. Information Technology has played the key role. To manage these fast-paced disruptions, Regulations, Business Practices and Processes have been redefined, realigned and put in place afresh altogether. The comprehension of these developments has, however, not kept pace at the required level amongst