Applicants Line Up For RBIâs On-Tap Banking Licences Apr 15 2021, 7:39 PM April 15 2021, 7:39 PM April 15 2021, 7:39 PM The Reserve Bank of India said on April 15 it has received four applications each for on-tap universal private bank licences and small finance bank licences. This is part of the RBIâs guidelines for such licences released in August 2016 and December 2019 respectively.The four entities which have submitted on-tap universal bank licences include:UAE Exchange and Financial Services.REPCO Bank.Chaitanya India Fin Credit.Pankaj Vaish and ... The Reserve Bank of India said on April 15 it has received four applications each for on-tap universal private bank licences and small finance bank licences. This is part of the RBIâs guidelines for such licences released in August 2016 and December 2019 respectively.