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of <h1>RBI Unveils New On-Tap Licensing Guidelines for Small Finance Banks: Open Window, Rs. 200 Crore Capital Requirement.</h1> The Reserve Bank of India (RBI) has issued new guidelines for the on-tap licensing of Small Finance Banks (SFBs) in the private sector. Key updates include an open licensing window, a minimum paid-up voting equity capital requirement of Rs. 200 crore, and a phased net worth requirement for transitioning Primary (Urban) Co-operative Banks. SFBs will receive scheduled bank status and permission to open banking outlets upon commencing operations. Payments Banks can apply for conversion into SFBs after five years if eligible. These guidelines follow the RBI's previous guidelines from 2014 and incorporate feedback from stakeholders and the public.
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