New FAQ Page 2 - ربی - Reserve Bank of India
Clarifications to Queries on Guidelines for Licensing of New Banks in the Private Sector
A. Yes, apart from public issue and private placement, other methodologies, such as sale of shares can also be resorted to for achieving dilution of shareholding in the bank. [Paragraph 2 (D) of the guidelines]
A. The capital requirements for the regulated financial services entities held by the NOFHC shall be as prescribed by the respective sectoral regulators. Prior permission from RBI would be required for the NOFHC to infuse funds/capital in any financial services entity held under it, which is regulated by any other financial sectoral regulator. The objective of such approval from RBI would be to ensure that all the entities including the bank on stand-alone basis as well as the consolidated bank meet the minimum capital adequacy requirement.
A. Yes, subject to compliance with paragraph 2(D)(iii) and (iv) of the guidelines. However, sale of NOFHC shares in the bank resulting in the acquisition of shares at 5 per cent or more of the bank by any person directly or indirectly would require prior approval of RBI.
A. Yes, provided the minimum shareholding by the NOFHC in the bank as prescribed is maintained at all times.
A. The bank may issue ESOPs to its employees as per its own policy and in compliance with guidelines issued by SEBI.
Non-voting shares are outside the purview of the guidelines, but subject to relevant laws and SEBI regulations wherever applicable.
Non-voting shares are outside the purview of the guidelines, but subject to relevant laws and SEBI regulations wherever applicable.
The NOFHC guidelines will be issued shortly.
The NOFHC guidelines will be issued shortly.
The NOFHC guidelines will be issued shortly.
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