RBI STARTS REVIEW OF NEW BANK LICENSING NORMS

According to the report appearing in Business Standard, RBI has started review of new bank licensing norms in private sector which were first released in 1993 and thereafter reviewed in 2001.
As per the report, the major criteria for review will be the minimum paid-up capital of the bank, nature of new entities to be allowed in the Banking Sector, Promoters' contribution in the paid-up capital, nature of promoters and corporate governance norms in the current scenario.
It is reported that the review will be in line with the recommendations of Raghuram Rajan Committee on Financial Sector reforms.
Source: http://www.business-standard.com/india/news/rbi-starts-reviewnew-bank-licensing-norms/08/45/374255/