Shriram Capital applies for banking licence

Shriram Capital is seen as a strong contender to win a licence. Corporate heavyweights, from the Birla and Bajaj groups to Anil Ambani's Reliance Capital are among several companies aspiring to get into mainstream banking

July 01, 2013 / 17:40 IST

Shriram Capital said on Monday it has applied for a banking licence.

Shriram Capital is the holding company for all financial services entities of the group, including truck financier Shriram Transport, and is seen as a strong contender to win a licence.

Also Read:Maximum 5 candidates can get bank licence clearance: E&Y

Corporate heavyweights, from the Birla and Bajaj groups to Anil Ambani's Reliance Capitalare among several companies aspiring to get into mainstream banking as India pushes to make financial services more accessible to half of its population that does not have a bank account.

The deadline to file applications with the Reserve Bank is Monday.

first published: Jul 1, 2013 04:35 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Shriram Capital applies for banking licence

Shriram Capital is seen as a strong contender to win a licence. Corporate heavyweights, from the Birla and Bajaj groups to Anil Ambani's Reliance Capital are among several companies aspiring to get into mainstream banking

RCF

STF

Subscribe to Tech Newsletters