India Inc upbeat on RBI's banking licence guidelines

BUS

"We intend to apply for a banking licence," said, Ajay Srinivasan, chief executive, financial services, Aditya Birla Group. "This is a key milestone that promises to not only provide an impetus to the Indian financial services industry, but also usher a new era of financial inclusion in the country. The Aditya Birla Group remains committed to meeting all financial needs of its target customer. Towards this strategy, banking will play a key role."

Gagan Banga CEO, Indiabulls Financial Services said that they are still studying the guidelines.

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