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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BlackBerry kills its smartphone division, will pivot to software, services licensing

BlackBerry, née RIM, has announced that it will no longer develop its own smartphone or tablet hardware. The company is currently transitioning from a hardware-centric business to a software development company. It expects to complete that transition more effectively now that it has ended its own internal hardware efforts. “Our new Mobility Solutions strategy is showing signs of momentum, including our first major device software licensing agreement with a telecom joint venture in Indonesia,” CEO John Chen told investors. “Under this strategy, we are focusing on software development, including security…

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