Professional Documents
Culture Documents
The initial screening shall be conducted by the RBI to check the prima
facie eligibility and if need be additional criteria may also be applied.
The EAC may call for information as well as have discussions with
applicants as may be required by it.
The in-principle approval shall stay valid for 18 months which means the
bank has to be set up within such period.
Individuals/professionals
NBFCs
Supermarket chains
Companies
The FDI policy for private banks shall be the guiding policy for foreign
shareholding.
As the payment bank may face operational or liquidity risk, they shall be
required to follow the guidelines laid down by RBI with regard to liquidity
risk management.