Whenever a new licensing guideline is issued, if new rules are more relaxed, benefit should be given to existing banks, immediately. If new rules are tougher, earlier licensees should transition to new guidelines but the transition path should be finalized in consultation with earlier licensees to ensure compliance in non-disruptive manner. View: This means if the NoFHC structure attains tax neutral status, any adherence to the NoFHC norm from earlier licensees such as SBI, and Kotak Mahindra Bank would be non-disruptive in nature....