Aditya Birla Nuvo enters race for banking licence

Aditya Birla Nuvo has entered the race for a banking licence. The board has approved the proposal of making an application to the RBI for obtaining a licence.

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Speaking to  CNBC-TV18, Aditya Birla Group chairman Kumar Managalam Birla said he was happy with the RBI guidelines and added that they do not discriminate against large business houses.
"No, I think the guidelines are very clear. I don't think they discriminate against large business houses. So we're very happy with the way the guidelines have been put across," he said.