The Reserve Bank of India (RBI) will shortly come out with regulatory framework for mobile banking, with increasing number of banks going the electronic way.

Talking to reporters on the sidelines of the “Banking Tech Summit” of the CII here, RBI Executive Director R B Barman said that a committee looking into the issues of internet banking and mobile banking was expected to give its report in March following which the RBI would look into necessary regulatory framework that is needed.

The prime concern would be authentication. However, the necessary telecom and other IT infrastructure should be in place to enable wider coverage, he  said  adding that the RBI favoured greater use of IT by the banking sector. 

Inflation is still a  concern and the RBI will have to find ways to manage inflationary expectations, Mr Barman told reporters.