The Reserve Bank of India on Monday unveiled the draft guidelines for new banking licenses. The RBI pegged the minimum required capital to set up a bank by a corporate at 500 crore rupees. The apex bank said the aggregate foreign shareholding in the new bank should not exceed 49 per cent for the first five years.On the corporate structure, the RBI said private sector entities or groups owned and controlled by Indian promoters, with diversified ownership, sound credentials and integrity, and having successful track record of at least 10 years will be eligible to promote banks. However, entities or groups having 10 per cent or more income or assets, or both, from real estate, construction and broking activities, individually or taken together, in the last three years,will not be eligible to set up new banks.The draft norms also say that the new bank should open at least 25 per cent of its branches in unbanked rural areas.