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· 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.
The current age ratio of Rahul to Sakshi is 3:2. Additionally, the ratio of Rahul’s age five years ago to Sakshi’s age ten ye...
The heights (in cm) of 9 basketball players in a tournament are as follows: 178, 182, 175, 180, 184, 179, 177, 181, 183
Find the median height of...
Present ages of ‘A’, ‘B’ and ‘C’ are in the ratio 10:12:15, respectively. If present average age of ‘A’ and ‘C’ is 50 years, then fi...
In a family of four, the average age of Anu, Ben, Carla, and Dan is 28 years. The ratio of Carla's to Eva's present ages is 5:6, and Ben's age is 20% le...
The ratio of the present ages of P and Q is 6:5 respectively. If the age of P 12 years hence from now will be 125% more than the age of Q 4 years ago fr...
The average age of a group of 20 persons is found to be 27 years. Later it is found that age of two of the persons is calculated as 25 and 30 instead of...
‘A’ is 8 years younger than ‘B’ and 7 years elder than ‘C’. If the present age of ‘B’ and ‘D’ is 20 years and 15 years, respectively...
6 years ago, the ratio of the ages of A and B was 2:3 and after 5 years it will become 5:7. Find their present ages.
The age of 'P' five years from now will be the same as the age of 'Q' four years ago. Six years ago, the sum of the ages of 'P' and 'Q' was 27 years. Ad...
The current average age of four colleagues - Priya, Qasim, Ron, and Sam - is 30 years. The ratio of the present ages of Sam and Tina is 3:4, respectivel...
