Slight Change in the list of Applicants for New Bank Licences in the Indian Private Sector


 

Reserve Bank of India, today vide a Press Release has communicated slight changes in the names of applicants for new bank licenses in the Indian Private Sectors.

Value Industries Ltd, Aurangabad has chosen to withdraw it application.

K.C.Land & Finance Ltd, Chandigarh got into the list of 26 applicants. K.C.Land & Finance Ltd, Chandigarh had handed over the application on the last day i.e July 1, 2013

According to market reports, Shri Venugopal Dhoot, Chairman, Videocon Group, is likely to be nominated on the RBI board. This would have created a conflict of interest as a company owned by him i.e Value Industries was one of the applicants for bank licence. The conformed reports would be out in the coming couple of weeks.

The overall number of applicants stands at 26 only.

 

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