To ensure that entities seeking private banks licence remained adequately capitalised to meet any eventuality, a Reserve Bank of India internal committee has recommended nearly doubling of the initial capital and net worth requirements to be eligible for getting a banking licence.
 
 
 
 
 

Under the on-tap licence being given by the RBI for these categories, the current initial capital requirement for a universal bank is Rs 500 crore and that of SFB is Rs 200 crore. Reuters