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The RBI has recently proposed a minimum equity capital of ₹200 crore to set up a small finance bank under which licence regime to expand banking services?

1. On tap
2. In Tap
3. For tap
4. Of tap

Correct answer: On tap

Solution

RBI's "on tap" licensing regime allows eligible applicants to apply for a bank licence at any time, unlike a one-time window. The question refers to this flexible expansion model for small finance banks.

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