In the case of a banking company incorporated outside India and having a place or places of business in the city of Bombay or Calcutta or both, the aggregate value of its paid-up capital and reserve shall not be less than ` 20 lacs.
Any banking company incorporated outside India and having a place or places of business in other cities shall have aggregate value of paid-up capital and reserves amounting to ` 15 lacs or more.
In case of any banking company incorporated in India having places of business in more than one State including any such place or places of business situated in the city of Bombay or Calcutta or both, the aggregate value of its paid-up capital and reserves shall
not be less than ` 10 lacs.
In case of a banking company incorporated in India and having all its places of business in one State and none of which is situated in the city of Bombay or Calcutta, the aggregate value of its paid-up capital and reserves shall be ` 1 lakh in respect of all its principal places of business plus ` 10,000 in respect of each of its other places of business situated in the same district in which it has its principal place of business plus
25,000 in respect of each place of business situated elsewhere in the State (however, such banking company does not need to maintain the aggregate value of paid-up capital and reserve more than ` 5 lacs).
Any banking company incorporated outside India is required to deposit with the Reserve Bank either in cash or in the form of unencumbered approved securities or partly in cash and partly in securities, the minimum amount of paid-up capital and reserves which it has to maintain under section 11(2).
Hope I answered your queries. Best Wishes!!
Chiranjibi Chapagain.