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>>> Anna University Sixth Semester Question Bank Collection (R2013) ECE,MECH,CSE,IT,EEE,CIVIL,EIE
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RBI’s Guidelines For New Bank Licenses
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RBI’s Guidelines for New Bank Licenses

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



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