> BANKING GA (VERY IMPORTANT) <<< ******************************** RBI’s Guidelines for New BankLicenses: - 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 setup 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 capitalshould be Rs 500crore and they will have to get listed within three years of operations. v. The Reserve Bank of Indiahas issued a new series of 50 paisa coins with the rupee symbol and new security features to facilitate easy recognition.