SCs / RCs with acquired assets in excess of ₹ 500 crore can float a fund under a scheme and utilize upto 25% of funds raised from the qualified institutional buyers for restructuring of financial assets acquired.
For example, the proposed Post Bank could start as a payment bank, making use of post office outlets to raise deposits and make payments. Key in any new structure is that there should be no arbitrage possibilities hurting the current banking system. Today, a commercial bank can convert itself into a payment bank by maintaining 100 percent SLR margins.