Section 37
Classification Of Bank Or Financial Institutions
The Rastra Bank shall, based on the minimum paid up capital of a bank or financial institution submitting an application pursuant to Section 33 for carrying out banking and financial transactions and transaction to be operated on by such a bank or financial institution and working areas, classify banks or financial institutions in to classes “A”, “B”, “C” and “D” and issue a license to the concerned bank or financial institutions accordingly:
Provided that an infrastructure development bank shall not be included in any class.