Start learning 50% faster. Sign in now
· On-tap licensing means that the window for getting a bank license from RBI is open throughout the year. Earlier, RBI used to invite applications for giving bank licenses, and prospective players submitted their applications within a fixed time-frame as prescribed by RBI. The guidelines for on-tap licensing of Universal Banks in the private sector were issued on August 01, 2016 and that for Small Finance Banks on December 05, 2019. 11 entities had applied for on-tap bank licences since the guidelines were released by the RBI, but none approved till now. · The Reserve Bank of India (RBI) rejected applications for on-tap bank licences of six firms —four of which applied for universal bank licence and two for small finance bank. · The applications rejected by the RBI include Flipkart founder Sachin Bansal’s Chaitanya India Fin Credit Private Limited which has applied for a universal bank license. · Bansal is the managing director (MD) and chief executive officer (CEO) of Chaitanya India Fin. · Last year, the Enforcement Directorate served a show-cause notice to Bansal for alleged violation of FDI policy. · 11 entities had applied for on-tap bank licences since the guidelines were released by the RBI. The remaining 5 applications are under examination.
Which of the following represents net primary productivity?
The image of an object formed on the retina of the eye is -
Which of the following controls/control the growth of bollworms ?
Downstream processing in biotechnology mainly refers to:
Which action taking place in the digestive system of humans is similar to the emulsifying action of soaps on dirt?
Which organ controls reflex actions?
Which is the largest part of the human brain?
What is an excretory organ of the cockroach?
A commonly used biocontrol agent against plant fungal diseases is:
In angiosperms, double fertilization involves: