SC: Hindu Daughter-In-Law Widowed After Her Father-In-Law’s Death is Entitled to Maintenance  ||  SC: Vendor Remains a Necessary Party in Specific Performance Suits Even After Transferring Property  ||  Raj HC: Having Different Age Criteria For Contractual and Regular Appointments is Unconstitutional  ||  Delhi HC: Registered Property Title Prevails over Claims Based on Oral Family Settlements  ||  Gauhati HC: Only A Family Court Can Grant A Divorce under Muslim Law, Not A Civil Judge  ||  Del HC: Courts Cannot Compel Lawyers to Disclose Sources of Documents Filed on Clients' Instructions  ||  SC Explains When Shares Received After Company Amalgamation are Taxable as Business Income  ||  SC: Excavators, Dumpers Etc Used Within Factories aren’t Motor Vehicles For Road Tax Purposes  ||  SC: Complaints Alleging Fraud under Companies Act Can Be Filed Only By SFIO, Not By Private Parties  ||  SC: Preventive Detention Cannot Override Bail and Requires Proof of a Threat to Public Order    

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 :        

Disclaimer | Copyright 2026 - All Rights Reserved