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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KLM airlines is soon to launch on-tap draught beer on flights

PASSENGERS who have thirsted for a better beer experience on a flight are in luck — an exciting addition to the drinks menu is coming to one of Europe’s major airlines. KLM Royal Dutch Airlines is gearing up to be the first airline to serve draught beer on tap. The game-changing development will follow years of experimenting with keg designs to produce the perfect schooner at high altitude. Dutch brewing giant Heineken found the winning formula with an innovative keg design, and the prototype will be used on KLM’s European…

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