NPCI will be a Section 25 company, which will not distribute its profits as dividend, but will plough it back for the improvement and expanding the reach of the retail payment systems. The ownership of the company will be suitably diverse with no bank or group of banks having shareholding exceeding 10% of the total shareholding.
In the future, the products that are developed based on members’ need, and are suitable for trading among institutional investors who have pricing and risk managing abilities will be registered at the NAFMII and reported for filing with the regulatory authority. Administrative exam and approval procedure will be abolished for such products.