Prohibition On Carrying On Financial Transactions By Any One Other Than Bank Or Financial Institution

Application To Be Made For License To Carry On Financial Transactions

License To Be Issued To Carry On Financial Transactions

Classification Of Licensed Institutions

Power To Refuse To Issue License To Carry On Financial Transactions

Power Of Rastra Bank To Prescribe Conditions

Special Provisions Relating To Opening Of Office By Foreign Bank Or Financial Institution

Suspension And Cancellation Of License

Conversion Of Licensed Institution Of Lower Class Into Licensed Institution Of Higher Class

Conversion Of Licensed Institution Of Higher Class Into Licensed Institution Of Lower Class

Liquid Assets Required To Be Maintained

List Of Licensed Institutions To Be Published