Draft norms for ‘on-tap’ licensing of small finance banks by August end

On-tap licensing is a time-efficient feature that will allow parties to obtain the licence on-demand basis and eligible parties won’t have to wait. The Reserve Bank of India (RBI) will issue draft guidelines for ‘on-tap’ licensing of Small Finance Banks (SFB) by the end of August 2019 with a view to enhance supply of credit to small borrowers and encourage competition. On-tap licensing is a time-efficient feature that will allow parties to obtain the licence on-demand basis and eligible parties won’t have to wait. In September 2015, the RBI had…

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Mumbai school shut since August 25; high court asks Maharashtra to clarify stand

The Bombay high court on Wednesday directed the Maharashtra government to clear its stand over shifting of Matoshree Kashiben Vrajlal Valia International School at Borivli (West). The secondary division of the Central Board of Secondary Education (CBSE) school has remained shut since August 25. The division bench of Justice Anoop Mohta and Justice Bharati Dangre said the state authorities should take a proactive stand for resolving the issue and posted the petition filed by Borivli residents Tushar Shah and Pragnesh Gopani, whose children are studying in the school, for further…

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Fall in UK commercial property values slows in August – IPD index

UK commercial property values fell less sharply in August than the month before, a closely-watched index showed on Thursday, suggesting concerns about the impact of Britain’s vote to leave the European Union on the sector may be easing. Overall property values for UK commercial assets fell 0.65 percent year-on-year in August, the IPD real estate index, compiled by MSCI, showed on Thursday. This compared with a 2.8 percent fall in July, which was the biggest slide since March 2009 and reflected a sharp drop in market confidence after the June…

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