Panel to evaluate applications for Universal Banks, Small Finance Banks:

Question 1

Context?

Answer 1

Government la universal banks ani small finance bank asha 2 types chya banks ughdayachya ahet -> tyachysathi government ne application magavlet -> te application assess karnyasathi Shyamala Gopinath yanchya chairmanship khali ek committee nemliye.

Question 2

What is On tap licensing?

Answer 2

RBI window for granting banking licences will be open throughout the year.

Question 3

What is Universal banking?

Answer 3

system of banking where banks undertake a blanket of financial services like investment banking, commercial banking, development banking, insurance etc.

Question 4

RBIs universal bank licensing guidelines?(Mhnje konala license dyayacha he kasa tharavnare te)

Answer 4

• Indian residents’ and have minimum 10 years of experience in banking and finance
• bank shall have a minimum net worth of ` five billion at all times.
• bank shall get its shares listed on the stock exchanges within six years of the commencement of business by the bank.
• bank has to open at least 25 per cent of its branches in unbanked rural centres.
• bank shall comply with the priority sector lending targets and sub-targets
• bank board should have majority of independent directors.