https://www.taxtmi.com/news?id=22239 Guidelines establish an on tap licensing regime for Small Finance Banks, require minimum paid up voting equity capital / net worth of Rs. 200 crore for new applicants, and mandate that Primary (Urban) Co operative Banks transitioning to SFBs meet Rs. 100 crore initially and reach Rs. 200 crore within five years. SFBs receive scheduled bank status and general permission to open banking outlets upon commencement; Payments Banks may apply to convert to SFBs after five years if eligible under the guidelines. en-us Thu, 05 Dec 2019 18:52:24 +0530 Thu, 05 Dec 2019 18:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22239 Guidelines establish an on tap licensing regime for Small Finance Banks, require minimum paid up voting equity capital / net worth of Rs. 200 crore for new applicants, and mandate that Primary (Urban) Co operative Banks transitioning to SFBs meet Rs. 100 crore initially and reach Rs. 200 crore within five years. SFBs receive scheduled bank status and general permission to open banking outlets upon commencement; Payments Banks may apply to convert to SFBs after five years if eligible under the guidelines. News - Thu, 05 Dec 2019 18:52:24 +0530 https://www.taxtmi.com/news?id=22239