RBI’s Guidelines For New Bank Licenses

[Sathish AKM]

BANKING GA (VERY IMPORTANT)
RBI’s Guidelines for New Bank Licenses

Bank should have 49% cap on foreign holding in new banks and
minimum paid-up equity capital is Rs 500 crore.
New banks will have to setup 25% of its branches in unbanked
rural areas.
Existing NBFCs, if considered eligible, may be permitted to
promote new banks or convert themselves into banks.
The paid-up equity capitalshould be Rs 500crore and they will have to get listed within three years of operations.

The Reserve Bank of Indiahas issued a new series of 50 paisa coins with the rupee symbol and new security features to
facilitate easy recognition.