<P> The minimum capital requirement is ₹ 100 crore . For the first five years , the stake of the promoter should remain at least 40 % . Foreign share holding will be allowed in these banks as per the rules for FDI in private banks in India . The voting rights will be regulated by the Banking Regulation Act , 1949 . The voting right of any shareholder is capped at 10 % , which can be raised to 26 % by Reserve Bank of India . Any acquisition of more than 5 % will require approval of the RBI . The majority of the bank 's board of directors should consist of independent directors , appointed according to RBI guidelines . </P>
<P> The minimum capital requirement is ₹ 100 crore . For the first five years , the stake of the promoter should remain at least 40 % . Foreign share holding will be allowed in these banks as per the rules for FDI in private banks in India . The voting rights will be regulated by the Banking Regulation Act , 1949 . The voting right of any shareholder is capped at 10 % , which can be raised to 26 % by Reserve Bank of India . Any acquisition of more than 5 % will require approval of the RBI . The majority of the bank 's board of directors should consist of independent directors , appointed according to RBI guidelines . </P>
minimum capital requirement for payment banks in india
minimum capital requirement for payment banks in india
₹ 100 crore
₹ 100 crore