New bank licences' aspirants: Reliance Industries, others' shares up on RBI invite
PTI: Mumbai, Feb 25 2013, 13:03 IST
licence after clearance from sector regulators, enforcement, investigative agencies such as I-T Department, CBI and ED.
The minimum paid-up capital for setting up a bank will be Rs 500 crore. The cap on the foreign investment, including FDI/FII and NRI, has been set at 49 per cent.
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