Conditions of authorisation

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....or an NBFC shall be co-terminus with its Banking Licence or Certificate of Registration respectively. (2) An authorisation granted by the Reserve Bank shall be subject to the conditions laid down therein. The Reserve Bank may at any time vary or revoke any of the existing conditions of authorisation or impose new conditions. (3) An authorised person, other than a bank or an NBFC, shall achie....

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....hall restore the net worth to the required minimum, within a period of six months, or such additional time as the Reserve Bank may grant. Failure to do so may lead to revocation of authorisation. (6) An authorised person, other than a bank shall: (a) commence its operations within a period of six months from the date of issuance of authorisation, under intimation to the regional office....

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.... bank, shall submit to the Reserve Bank, through APConnect [APConnect shall also refer to any other system specified by the Reserve Bank, for the purpose.]  application (https://apconnect.rbi.org.in/) information regarding: (a) conduct of business from any new place (including opening a temporary counter) within seven calendar days of beginning of operations at the new place; ....