Question
What does ‘on-tap licensing’ provided by the
Reserve Bank of India mean?Solution
An “on-tap” facility would mean the RBI will accept applications and grant licences for banks throughout the year. On-tap bank licensing facility enables a window for making applications for bank licenses at the RBI throughout the year. Banking licenses were granted upon invitation of applications by RBI to prospective players.
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If 20% of a = b, then b% of 20 is the same as:
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