Evaluation Criteria for Application for Change of Status Under Vision II
The Ministry of Finance issued three notifications that set out the rules,
procedures, and conditions for establishing commercial banks, retail banks,
subsidiaries and full branches on January 30, 2004. Existing financial institutions that
met the application qualifications outlined in the notifications were allowed to submit
applications to change their status by July 30, 2004. As summarized in Box 3, the
notifications determined that:
Evaluation Criteria for Application for Change of Status Under Vision IIThe Ministry of Finance issued three notifications that set out the rules,procedures, and conditions for establishing commercial banks, retail banks,subsidiaries and full branches on January 30, 2004. Existing financial institutions thatmet the application qualifications outlined in the notifications were allowed to submitapplications to change their status by July 30, 2004. As summarized in Box 3, thenotifications determined that:
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