As per the new final guidelines released by the Reserve Bank of India (RBI) for issuing new banking licenses norms to allow private and the public sector as well as non-banking financial companies to enter the fray. Which of the following statements is Correct in this regard?
(A) The final guidelines sets 49 per cent cap on foreign holding in new banks and minimum paid-up equity capital is Rs 1000 crore.
(B) New banks will have to set up 25 per cent of its branches in unbanked rural areas.
(C) The paid-up equity capital should be Rs 500 crore and they will have to get listed within three years of operations.