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The SEBI has permitted non-scheduled Payments Banks to register as ‘Bankers to an Issue’. Now, non-scheduled Payments Banks, which have prior approval from Reserve Bank of India, shall be eligible to act as a BTI subject to fulfilment of the conditions stipulated in the BTI Regulations. In addition, Payments Banks registered as a BTI shall also be permitted to act as a Self-Certified Syndicate Bank.The SEBI has permitted non-scheduled Payments Banks to register as ‘Bankers to an Issue’. Now, non-scheduled Payments Banks, which have prior approval from Reserve Bank of India, shall be eligible to act as a BTI subject to fulfilment of the conditions stipulated in the BTI Regulations. In addition, Payments Banks registered as a BTI shall also be permitted to act as a Self-Certified Syndicate Bank.taxmann.com Latest Statutory HappeningsRead More