Question

What does ‘on-tap licensing’ provided by the

Q: Answer-What does ‘on-tap licensing’ provided by the Reserve Bank of India mean?

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.

Reserve Bank of India mean?

A The RBI window for granting banking licences will be open only on specific dates.

B The RBI window for granting banking licences will open only when a proposal arises.

C The RBI window for granting banking licences will be open throughout the year.

D None of the above

E All of the above

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What does ‘on-tap licensing’ provided by the

Solution