Tata Group plans to enter the banking business left. Hence, the group's holding company Tata Sons has withdrawn its application for a bank license . The company says that its domestic and international financial services group in the present model is able to meet the needs of business .
Reserve Bank of India ( RBI) Tata Sons is allowed to withdraw the application . The company July , 2013 had applied for new banking licenses . The Anil Dhirubhai Ambani Group ( ADAG ) are among the Aditya Birla Group . Venugopal Dhoot -led Videocon group has already announced to withdraw its application .
Read the 100 billion dollar club ' Tata '
Tata's new car will take on Maruti Swift two , will be a special
According to RBI, Tata Sons , said that the current system of financial services catering to the needs of the group . Tata Sons reported on Tuesday to withdraw the license application was submitted to the Reserve Bank . The company says it thorough discussion banking license since decided to withdraw from the race . Earlier this month, Finance Minister P. Chidambaram had hoped that RBI January 2014 for new banking licenses will sort the names of the companies .
No comments:
Post a Comment