On Tap Licensing For Small Finance Banks
- RBI is considering ‘on-tap’ licensing facility for small finance banks and proposed to issue the draft guidelines by the end of August, 2019 for promoting banking facility for small borrowers and encourage competition.
- The ‘on-tap’ facility allows the RBI to accept applications and grant licence for banks throughout the year.
Benefits
- It will enable entities to approach the central bank for obtaining licences for small finance banks on meeting laid-down criteria.
- Eligible entities would not have to wait for licences as it would be available on-demand ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Government e Marketplace (GeM)
- 2 Inflation Targeting
- 3 Bond Yield
- 4 Asset Reconstruction Companies (ARCs)
- 5 Agriculture Infrastructure and Development Cess (AIDC)
- 6 SBI Launches Centre of Excellence for MSMEs in Gurugram
- 7 Inverted Duty Structure under GST
- 8 Sustainable Aviation Fuel
- 9 Annual Survey of Industries 2023-24
- 10 Cabinet Approves Incentive Scheme to Promote Critical Mineral Recycling
- 1 Cabinet Approves Extension of PM-KISAN scheme to all farmers
- 2 High-Powered Committee of CMs to Transform Indian Agriculture
- 3 RBI Relaxes Leverage Ratio for Banks
- 4 RBI Issues Revised Norms to Deal with Stressed Assets
- 5 SEBI Proposes Whistleblower Mechanism to Curb Insider Trading
- 6 SEBI Introduces Probability of Default Mechanism
- 7 Government Proposes WTO-Compliant Schemes
- 8 U K Sinha Committee on MSMEs
