RBI rules for Payment bank

Q.  Which of the following statements is/are correct about Payment bank?

1. Payment bank will have to keep CRR (Cash reserve ratio) just like other Scheduled commercial banks.
2. The highest balance a bank can hold per customer Rs 50,000.

- Published on 31 Dec 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 1
 
- The highest balance a bank can hold per customer is Rs 1 lakh, against the Mor panel’s recommendation of Rs 50,000.
- While payment banks won’t have to have a quarter of their branches in un-banked rural areas (as applicable for existing banks), they should have at least 25 per cent of their access points in such areas.
- The minimum paid-up capital required for both categories would be Rs 100 crore, of which the promoter would have to contribute at least 40 percent initially, with a five-year lock-in period.
- They would also have to maintain a capital adequacy ratio of 15 percent, though under Basel-I norms.
- If promoter shareholding exceeds 40 percent, it has to be cut to this level within three years of operations, 30 percent within 10 years and 26 percent within 13 years.

Post your comment / Share knowledge


Enter the code shown above:
 
(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)