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        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.

        <h1>Licensing of new banks: RBI requires NOFHC sponsorship, fit-and-proper promoters, capital, governance and application requirements.</h1> RBI's guidelines require new private banks to be sponsored through a wholly owned Non-Operative Financial Holding Company (NOFHC) whose promoter must meet fit and proper criteria; the NOFHC must hold specified minimum paid-up voting equity capital in the bank subject to lock-in and staged reduction, register as an NBFC, and comply with consolidated prudential, exposure and corporate governance norms while the bank must meet listing, branch, priority-sector and other operational conditions.

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