25 March, 2021
3 Min Read
The Reserve Bank of India (RBI) has announced the creation of a Standing External Advisory Committee under the chairmanship of Shyamala Gopinath for evaluating applications for Universal Banks and Small Finance Banks.
This is part of the central bank’s earlier announced plan to give banking permits on a continuous basis to candidates, a process that is is commonly known as ‘on-tap’ licensing.
About On tap licensing:
What is Universal banking?
RBIs universal bank licensing guidelines:
Small Finance Banks (SFBs)
Scope of activities of SFBs
Criteria for setting up SFBs
What can Small Finance Banks do?
What Small Finance Banks can’t do?
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