Prohibition On Carrying Out Banking Or Financial Transactions By Anyone Other Than Banks Or Financial Institutions

Power Of Rastra Bank To Specify Conditions

Classification Of Bank Or Financial Institutions

Possibility Of Being Converted Into Higher Class Of Bank Or Financial Institution

Use Of The Name Of Banks Or Financial Institutions

Application To Be Made To Obtain A License For Carrying On Banking And Financial Transactions

License May Be Granted For Carrying Out Banking And Financial Transactions

Power To Refuse To Grant A License

List To Be Published

Special Provisions Relating To Branches Of Foreign Banks