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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UGC issues draft rules on awarding degrees online, Aadhaar likely to be made mandatory for the courses

In what might pave way for obtaining degrees online, the University Grants Commission (UGC) has drafted UGC (Online Education) regulations, 2017 and has sought public feedback till August 18. Once the regulations are in place, students and working professionals will be able to obtain a degree online, recognised by the UGC. Institutes will be able to offer online degrees in all fields, except engineering, medicine, dental, pharmacy, nursing, architecture and physiotherapy. At present, the Commission does not recognise any course offered fully online. A student can get a degree by…

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