Tue, Aug 02, 2016
Reserve Bank of India on Monday released guidelines for ‘on tap’ licensing of Universal Banks in the Private Sector. On tap licensing literally means the RBI window for granting banking licences will be open throughout the year.
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Mon, Aug 01, 2016
Reserve Bank of India on Monday released guidelines for ‘on tap’ licensing of Universal Banks in the Private Sector. The guidelines state that minimum capital requirement for opening a bank is Rs 5 billion with a minimum of 10 years’ experience in banking and finance at a senior level.
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