Thursday 11 April 2013

Conditions to Private Sectors for Opening a Bank - RBI

Recently RBI gave Green signal to private sectors who are willing to open Banks in the name of their company.
By considering this, RBI guided some new conditions and protocols for opening Banks. 
They are listed under below,
  • The company should have a experience of 10 yrs.
  • They should have a deposit of 500 crores.
  • 49% of FDI is allowed.
  • And 25% of their bank branches should be in village and remote areas.
These are the guidelines listed by RBI. And RBI cleared that those who posses this eligibility conditions can indulge in banking business.

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