Bankers to an Issue registration for payments banks allowed, subject to RBI approval and BTI regulatory conditions. Non scheduled Payments Banks with prior RBI approval may register as Bankers to an Issue subject to the SEBI (Bankers to an Issue) Regulations, 1994; they may also act as Self Certified Syndicate Banks if they satisfy Board criteria, and all blocking/movement of investor subscription funds must be through the investor's savings account with the payments bank.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Bankers to an Issue registration for payments banks allowed, subject to RBI approval and BTI regulatory conditions.
Non scheduled Payments Banks with prior RBI approval may register as Bankers to an Issue subject to the SEBI (Bankers to an Issue) Regulations, 1994; they may also act as Self Certified Syndicate Banks if they satisfy Board criteria, and all blocking/movement of investor subscription funds must be through the investor's savings account with the payments bank.
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