Breather for public sector banks post-amalgamation.
Like in IL&FS, a similar procedure will have to be followed: Khuntia
The minimum paid-up voting equity capital or net worth requirement has been set at Rs 200 crore, up from Rs 100 crore as set earlier.
Banks will have to take a call and then come to the regulator with a road map on what they want to do: official.
AIBEA says banks waste a huge sum on this.
SFBs have made good progress on deposit mobilisation.
Insurers will not be allowed to promote products or services of any particular third party service provider.
The RBI this year had done away with charges on NEFT and RTGS transactions and asked banks to pass on the benefit to their customers.
The RBI has also allowed PMC Bank account holders to withdraw money from the bank's own ATMs within the prescribed limit of Rs 50,000.
Rate was cut due to slowdown, fall in investments.