The Discussion Paper flagged various issues, primarily:    What should be the minimum capital requirement for the new banks?   What should be the minimum and maximum shareholding by the promoters and other shareholders?   What should be the limit on foreign shareholding?   Whether industrial and business houses should be allowed to promote banks?
  Should Non-Banking Financial Companies (NBFCs) be allowed to convert into banks and/or the promoters of NBFCs be allowed to promote new banks?   What should be the business model of the new banks? 16.