RBI gets 26 Applications for Bank Licence - Monday July 01,2013

 

The RBI has received 26 applications for Bank Licences as on Monday July 01,2013 -the last day for submitting applications

The 26 applicants details are -

 

1)Aditya Birla Nuvo, part of the Aditya Birla Group

2)Bajaj Finance, part of the Bajaj Group

3)Bandhan Financial Services, a microfinance lender

4)Edelweiss Financial Services, a diversified financial services firm

5)IDFC, a finance company which lends to the infrastructure sector

6)IFCI, a financial consultancy and advisory company

7)Indiabulls Housing Finance, part of the Indiabulls Group

8)India Post, part of the Indian ministry of communications and information technology

9)India Infoline, part of the IIFL Group

10)INMACS Management Services

11)Janalakshmi Financial Services, a microfinance company

12)JM Financial

13)LIC Housing Finance

14)L&T Finance Holdings, part of India's largest engineering conglomerate, Larsen & Toubro

15)Magma Fincorp, a finance company that gives loans for vehicles, gold and small enterprises
 
16)Muthoot Finance gives loans against gold

17)Shriram Capital, part of the Shriram Group

18)Smart Global Ventures

19)Religare Enterprises, a financial services firm

20)Reliance Capital

21)SREI Infrastructure Finance, which mainly finances infrastructure projects

22)Suryamani Financing Co Ltd, a financial services provider

23)Tourism Finance Corp of India, which provides financial services for tourism-related activities

24)UAE Exchange India, a remittance and foreign exchange services firm

25)Tata Sons

26)Value Industries(Videocon)

Submission of applications ends a 10-year drama of permitting more banks in a country where more than half the population has not walked into a bank despite nationalisation four decades ago