RBI has allowed state and district central co-operative banks to offer internet banking to its customers subject to certain conditions. A notification issued by RBI from Mumbai said that internet banking guidelines have been revised and accordingly all cooperative banks that have implemented Core Banking Solution and migrated to Internet Protocol Version 6 may offer internet banking (view only) facility to their customers, without prior approval of RBI. View only facility means the customers can only use online services such as balance enquiry, balance viewing, account statement download and request for supply of cheque books. RBI has however added that cooperative banks that wish to provide internet banking with transactional facility must get RBI approval with the conditions that their capital adequacy ratio is not less than 10 per cent, net worth is 50 crore rupees and gross non-performing assets are less than 7 per cent. RBI has further said that the applicants must have a track record of regulatory compliance, with no monetary penalty being imposed on them for violation of RBI guidelines during the last two financial years.