BANKING GA (VERY IMPORTANT):- ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ RBI’s Guidelines for New Bank Licenses: - i. Bank should have 49% cap on foreign holding in new banks and minimum paid-up equity capital is Rs 500 crore. ii. New banks will have to set up 25% of its branches in unbanked rural areas. iii. Existing NBFCs, if considered eligible, may be permitted to promote new banks or convert themselves into banks. iv. The paid-up equity capital should be Rs 500crore and they will have to get listed within three years of operations. v. The Reserve Bank of India has issued a new series of 50 paisa coins with the rupee symbol and new security features to facilitate easy recognition. Fore more material must like--->Bank Exams Preparation-useful Guide
Posted on: Sat, 03 Aug 2013 01:29:33 +0000
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