The minimum capital required for setting up payments banks and small banks will be R100 crore, the Reserve Bank of India (RBI) said on Thursday.The draft guidelines for licensing of payments banks and small banks, based on the recommendations of the Nachiket Mor committee report, noted that entities such as non-banking finance companies (NBFCs), corporate business correspondents, mobile telephone companies, super-market chains, companies, real sector cooperatives and public sector entities can apply to set up a payment bank.

Source - http://www.financialexpress.com