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 lender4)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)
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