12-08-2013, 09:20 PM
BANKING GA (VERY IMPORTANT)
RBI’s Guidelines for New Bank Licenses
RBI’s Guidelines for New Bank Licenses
Bank should have 49% cap on foreign holding in new banks andminimum paid-up equity capital is Rs 500 crore.
New banks will have to setup 25% of its branches in unbankedrural areas.
Existing NBFCs, if considered eligible, may be permitted topromote 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 tofacilitate easy recognition.