RBI Deputy Governor MR. H R Khan has expressed concerns regarding e-commerce transactions. Speaking to reporters in Mumbai, Mr. Khan said that e-commerce is an innovative concept that cannot be pushed away but added that RBI will be issuing certain guidelines in this regard very soon. He said that following the slide in crude prices; the Reserve Bank is reasonably comfortable on the current account deficit front and so the import curbs on gold have been reasonably removed. Talking the recently issued guidelines for establishment of payment banks and small banks, Mr. Khan said the new banks will not be a threat to existing banks but may increase competition. When asked about the Budget announcement of bond buy backs to extend the maturity and reduce repayment burdens, RBI deputy governor did not give an exact time line and limited to saying that it will be done by March 2015.