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Religare Enterprises to apply for banking license

By Religare
|

Religare Enterprises, India's leading diversified financial services groups, on Friday said its board has given nod for submitting application with Reserve Bank of India (RBI) for new banking license.

"The Board of Directors of the company at its meeting held on June 27 has approved to file application by Religare Enterprises Limited, the holding company of Religare Finvest Limited, with RBI for the grant of banking license to Religare Finvest Limited," Religare Enterprises said in its filling to BSE.

 

Among others, who have already filled applications, include India Infoline, SREI Infrastructure Finance Ltd, Edelweiss Financial Services Ltd, JM Financial in collaboration with Vikram Pandit (ex-Citi Bank chief), Infrastructure finance entity IDFC, Religare Enterprises and Tourism Finance Corporation of India (TFCI).

Read more about: religare enterprises
Story first published: Friday, June 28, 2013, 22:57 [IST]
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