Telangana High Court: Barring People with over Two Children From Polls Violates No Fundamental Right || Del HC Clarifies That Breach of Promise to Marry is Not The Same as False Promise Amounting To Rape || Delhi High Court Rules Law Students Cannot be Barred From Exams For Not Meeting Minimum Attendance || Delhi HC: Only a Sessions Court, Not an Ilaqa Magistrate, Can Order Further Probe After Committal || Allahabad High Court: Protecting Homebuyers’ Interests is Paramount in Real Estate Insolvency || Allahabad HC: Police Can Freeze Accounts on Suspicion; Affected Party May Seek Magistrate’s Relief || NCLAT: Claimants Must Prove Asset Ownership; Liquidator Need Not Establish Title of Assets in Custody || NCLAT: Director’s Resignation Doesn’t Release Personal Guarantor from Continuing Guarantee Liability || NCLAT: Delay Condonable When Composite Appeal Filed in Time is Refiled after Registry’s Objection || Supreme Court: Upper Floors Can be Converted for Commercial Use Only after Paying Conversion Charges

Draft guidelines for ‘on tap’ licencing of universal banks- (Reserve Bank of India) (05 May 2016)

Banking

The Reserve Bank of India took a major step towards replacing its ‘stop and go’ policy for licensing universal with a more ‘continuous’ process by releasing guidelines for the grant of licences for universal banks.

It had released a discussion paper considering the pros and cons of the new approach in 2013. Feedback on the proposals endorsed the idea for increased competition in the market.

One departure from earlier discussion has been the inclusion of resident individuals and professionals with requisite experience in banking and finance being eligible persons to promote universal banks. Large businesses, permitted to invest the bank, are excluded as eligible promoting entities.

Tags : UNIVERSAL BANK LICENCE CONTINUOUS PROCESS

Share :