The Banking Regulation Act, 1949

FORM III
(See rule 11) (Section 22)

Form of application for a licence to commence banking business by a company incorporated in
India and desiring to commence banking business

Address …………………………..
Date …………………………..

…………………..
Department of Banking Operations and Development,
Reserve Bank of India,
…………………..
Dear Sir,

Application for a licence to commence banking business

We hereby apply for a licence to commence banking business in terms of section 22 of the
Banking Regulation Act, 1949. We give below the necessary information in the form prescribed
for the purpose.

Yours faithfully,
Signature ………………….

1.Name of the company.
2.Place of location of the registered office of the company.
3.State whether the company is public or private.
4.Date of incorporation.
5.Previous application: Give particulars of any application previously made to the
Reserve Bank in this connection.
6.Management
(a) Give names, business and address of directors, the amount of shares held by
each and the names of the bankers of each of them.
(b) Give the name of the proposed chief executive officer, his qualifications,
experience, age and the proposed remuneration.

7.State detailed reasons for the floatation of the Company and give statistical and other data as
under, which may have been collected in respect of the area which the company intends to serve.
(i)The population of the area of operation of the proposed place of business.
(ii)The volume and value of agricultural, mineral and industrial production and imports and
exports of the area of operation of the proposed place of business as under:
CommodityProduction Imports Exports
Volume Value Volume Value Volume Value
2 3 4 5 6 7

(iii)If there are any schemes for agricultural, mineral or industrial development give details
of the same and their probable effects on the volume and value of the present production,
imports and exports.
(iv)If the existing banking facilities are considered inadequate, give reasons.
(v)Prospects: Give as under an estimate of the minimum business which the company
expects to attract at the proposed place of business within 12 months.

I. Deposits …………Amount in thousands of rupeesRates proposed to be
allowed on various types
of deposits
Minimum Maximum
II. Advances ………Amount in thousands of rupees Rates proposed to be
charged on various types
of advances
Minimum Maximum

8.Forward an up-to-date copy of the Memorandum and Articles of Association and a copy of the
prospectus (with certified translations in English, if not in that language).
9.State whether the company fulfils the conditions laid down in sub-section (3) of section 11, and
whether it is agreeable to permit the Reserve Bank to satisfy itself by an inspection of the books
of the company or otherwise that the prescribed conditions are being fulfilled by the company.
10.Any additional facts which the company may wish