{"id":269505,"date":"2022-07-04T14:00:28","date_gmt":"2022-07-04T08:30:28","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=269505"},"modified":"2022-07-04T15:50:42","modified_gmt":"2022-07-04T10:20:42","slug":"rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/","title":{"rendered":"RBI issued Guidelines on Note Authentication and Fitness Sorting Parameters"},"content":{"rendered":"
\n

   <\/p>\n

On 01-07-2022, Reserve Bank of India (‘RBI') issued guidelines on authentication of note and fitness sorting parameters for the Note Sorting Machines (‘Machine') installed in banks.<\/p>\n

Key Points<\/b>:<\/p>\n

    \n
  1. \n

    To get recycled, a note must pass all the fitness parameters: genuine notes, authenticity check.<\/p>\n<\/li>\n

  2. \n

    When RBI decides to phase out a specific series of specific denomination of notes, such notes will be sorted out by the machine as unfit, irrespective of their physical condition.<\/p>\n<\/li>\n

  3. \n

    Parameters: applicable to machines operated by banks, namely, note processing machines and machines which check only the authenticity of notes.<\/p>\n<\/li>\n

  4. \n

    Authenticity check: to be done with reference to features of genuine notes as disclosed by RBI on its website and the notes not fulfilling the criteria will be classified as suspect\/ reject by the machine.<\/p>\n<\/li>\n

  5. \n

    Fitness sorting criteria:<\/p>\n<\/li>\n<\/ol>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n

    S. No.<\/b><\/p>\n<\/td>\n

    		\n

    Feature<\/b><\/p>\n<\/td>\n

    		\n

    Criteria<\/b><\/p>\n<\/td>\n<\/tr>\n

    \n

    1.<\/p>\n<\/td>\n

    		\n

    Soiling<\/p>\n<\/td>\n

    		\n

    General distribution of dirt across the entire note<\/p>\n<\/td>\n<\/tr>\n

    \n

    2.<\/p>\n<\/td>\n

    		\n

    Limpness<\/p>\n<\/td>\n

    		\n

    Structural deterioration resulting in a marked lack of stiffness<\/p>\n<\/td>\n<\/tr>\n

    \n

    3.<\/p>\n<\/td>\n

    		\n

    Dog ears<\/p>\n<\/td>\n

    		\n

    Corner folds<\/p>\n<\/td>\n<\/tr>\n

    \n

    4.<\/p>\n<\/td>\n

    		\n

    Tears<\/p>\n<\/td>\n

    		\n

    Lengthwise and crosswise cuts<\/p>\n<\/td>\n<\/tr>\n

    \n

    5.<\/p>\n<\/td>\n

    		\n

    Holes<\/p>\n<\/td>\n

    		\n

    Holes of a specific diameter<\/p>\n<\/td>\n<\/tr>\n

    \n

    6.<\/p>\n<\/td>\n

    		\n

    Stains<\/p>\n<\/td>\n

    		\n

    Localized concentration of dirt<\/p>\n<\/td>\n<\/tr>\n

    \n

    7.<\/p>\n<\/td>\n

    		\n

    Graffiti<\/p>\n<\/td>\n

    		\n

    Deliberate graphic alteration of the note<\/p>\n<\/td>\n<\/tr>\n

    \n

    8.<\/p>\n<\/td>\n

    		\n

    Crumples<\/p>\n<\/td>\n

    		\n

    Multiple random folds<\/p>\n<\/td>\n<\/tr>\n

    \n

    9.<\/p>\n<\/td>\n

    		\n

    Decolouration<\/p>\n<\/td>\n

    		\n

    Lack of ink on part or whole of the note<\/p>\n<\/td>\n<\/tr>\n

    \n

    10.<\/p>\n<\/td>\n

    		\n

    Folds<\/p>\n<\/td>\n

    		\n

    Folds reducing the length or width of the note<\/p>\n<\/td>\n<\/tr>\n

    \n

    11.<\/p>\n<\/td>\n

    		\n

    Repair<\/p>\n<\/td>\n

    		\n

    Note repaired using adhesive tape\/ paper\/ glue<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      \n
    1. \n

      Mutilated, imperfect, mismatched notes and build up notes will be classified as suspect\/ reject.<\/p>\n<\/li>\n

    2. \n

      Duty of the Bank to ensure that the Machines are tested for accuracy and consistency on a quarterly basis and recalibrated if required.<\/p>\n<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

          On 01-07-2022, Reserve Bank of India (‘RBI') issued guidelines on authentication of note and fitness sorting parameters for the Note <\/p>\n","protected":false},"author":67011,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[49989,49990,2611,2732,49991],"class_list":["post-269505","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-notifications","tag-note-authentication","tag-note-fitness","tag-RBI","tag-Reserve_Bank_of_India","tag-sorting-parameters"],"yoast_head":"\nRBI issued Guidelines on Note Authentication and Fitness Sorting Parameters | SCC Times<\/title>\n<meta name=\"description\" content=\"On 01-07-2022, RBI issued guidelines on authentication of note and fitness sorting parameters for the Note Sorting Machines installed in banks\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI issued Guidelines on Note Authentication and Fitness Sorting Parameters\" \/>\n<meta property=\"og:description\" content=\"On 01-07-2022, RBI issued guidelines on authentication of note and fitness sorting parameters for the Note Sorting Machines installed in banks\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-04T08:30:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-04T10:20:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/07\/reserve-bank-of-india-rbi-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/\",\"name\":\"RBI issued Guidelines on Note Authentication and Fitness Sorting Parameters | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"datePublished\":\"2022-07-04T08:30:28+00:00\",\"dateModified\":\"2022-07-04T10:20:42+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe\"},\"description\":\"On 01-07-2022, RBI issued guidelines on authentication of note and fitness sorting parameters for the Note Sorting Machines installed in banks\",\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RBI issued Guidelines on Note Authentication and Fitness Sorting Parameters\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_4\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"RBI issued Guidelines on Note Authentication and Fitness Sorting Parameters | SCC Times","description":"On 01-07-2022, RBI issued guidelines on authentication of note and fitness sorting parameters for the Note Sorting Machines installed in banks","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/","og_locale":"en_US","og_type":"article","og_title":"RBI issued Guidelines on Note Authentication and Fitness Sorting Parameters","og_description":"On 01-07-2022, RBI issued guidelines on authentication of note and fitness sorting parameters for the Note Sorting Machines installed in banks","og_url":"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2022-07-04T08:30:28+00:00","article_modified_time":"2022-07-04T10:20:42+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/07\/reserve-bank-of-india-rbi-.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Editor","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/","url":"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/","name":"RBI issued Guidelines on Note Authentication and Fitness Sorting Parameters | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"datePublished":"2022-07-04T08:30:28+00:00","dateModified":"2022-07-04T10:20:42+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe"},"description":"On 01-07-2022, RBI issued guidelines on authentication of note and fitness sorting parameters for the Note Sorting Machines installed in banks","breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"RBI issued Guidelines on Note Authentication and Fitness Sorting Parameters"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","caption":"Editor"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_4\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":270947,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/08\/01\/legislations-monthly-roundup-july-2022\/","url_meta":{"origin":269505,"position":0},"title":"Legislations | Monthly RoundUp [July, 2022]","author":"Bhumika Indulia","date":"August 1, 2022","format":false,"excerpt":"Around 50 Legislation Updates | Relating to Controlled Delivery (Customs) Regulations, 2022, Bullion exchange units, Legal Metrology, Work from Home for the Unit, Project Screening Committee, Biodegradable plastic, Zero coupon zero principal, Note Authentication and Fitness Sorting Parameters and International Trade Settlement in Indian Rupees MINISTRY OF CORPORATE AFFAIRS Obligations\u2026","rel":"","context":"In "Legal RoundUp"","block_context":{"text":"Legal RoundUp","link":"https:\/\/www.scconline.com\/blog\/post\/category\/columns-for-roundup\/"},"img":{"alt_text":"Monthly RoundUp","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/08\/12_july22_legislation_MicrosoftTeams-image.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/08\/12_july22_legislation_MicrosoftTeams-image.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/08\/12_july22_legislation_MicrosoftTeams-image.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/08\/12_july22_legislation_MicrosoftTeams-image.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/08\/12_july22_legislation_MicrosoftTeams-image.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":292675,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/19\/rbi-withdraws-rs-2000-denomination-banknotes-from-circulation\/","url_meta":{"origin":269505,"position":1},"title":"RBI withdraws Rs. 2000 banknotes from circulation","author":"Kriti","date":"May 19, 2023","format":false,"excerpt":"RBI has directed to deposit the Rs. 2000 denomination banknotes in the bank accounts and\/ or exchange them into banknotes of other denominations at any bank branch","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":296116,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/07\/06\/delhi-hc-dismiss-pil-quashing-notification-issued-rbi-withdrawal-2000-banknotes-circulation\/","url_meta":{"origin":269505,"position":2},"title":"Delhi High Court dismisses PIL seeking quashing of RBI notification regarding withdrawal of 2000 banknotes from circulation","author":"Arunima","date":"July 6, 2023","format":false,"excerpt":"Delhi High Court observed that the decision is not to demonetize Rs. 2000 bank notes but only a direction to the banks to desist from issuing Rs. 2000 denomination notes to its customers and to ensure that no withdrawal of Rs. 2000 denomination notes is allowed from the banks holding\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"delhi high court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/delhi-high-court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/delhi-high-court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/delhi-high-court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/delhi-high-court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":6408,"url":"https:\/\/www.scconline.com\/blog\/post\/2014\/11\/25\/court-directs-reserve-bank-of-india-to-look-into-the-matter-of-excessive-rates-of-interest-being-charged-by-non-banking-financial-companies\/","url_meta":{"origin":269505,"position":3},"title":"Court directs Reserve Bank of India to keep a check on the excessive rates of interest being charged by Non Banking Financial Companies","author":"Sucheta","date":"November 25, 2014","format":false,"excerpt":"Madras High Court: While hearing a public interest litigation seeking to raise the issue of the excessive rates of interest charged by the Non Banking Financial Companies and praying to issue directions to Reserve Bank of India to formulate policies to regulate the same, the division bench of S.K. Kaul,\u2026","rel":"","context":"In "Banking and Negotiable Instruments"","block_context":{"text":"Banking and Negotiable Instruments","link":"https:\/\/www.scconline.com\/blog\/post\/category\/banking-and-negotiable-instruments\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":226504,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/04\/sc-quashes-rbis-ban-on-cryptocurrency-trading\/","url_meta":{"origin":269505,"position":4},"title":"SC quashes RBI’s ban on Cryptocurrency trading [Full Report]","author":"Prachi Bhardwaj","date":"March 4, 2020","format":false,"excerpt":"Supreme Court: The 3-judge bench of Rohinton Fali Nariman, S Ravindra Bhat and V Ramasubramania, JJ has struck down the curb on trading in virtual currency, cryptocurrency and bitcoins in India. In the 180 pages long verdict penned by Justice Ramasubramania, it was held, \u201cWhen the consistent stand of RBI\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":222903,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/06\/rbi-releases-guidelines-for-on-tap-licensing-of-small-finance-banks-in-the-private-sector\/","url_meta":{"origin":269505,"position":5},"title":"RBI releases \u201cGuidelines for \u2018on tap\u2019 Licensing of Small Finance Banks in the Private Sector\u201d","author":"Bhumika Indulia","date":"December 6, 2019","format":false,"excerpt":"The Reserve Bank of India released on its website, \u201cGuidelines for \u2018on tap\u2019 Licensing of Small Finance Banks in the Private Sector\u201d. Major changes from the earlier Guidelines on Small Finance Banks dated November 27, 2014, are (i) The licensing window will be open on-tap; (ii) minimum paid-up voting equity\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/269505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67011"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=269505"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/269505\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=269505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=269505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=269505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}