Tata Sons has withdrawn its application for setting up a bank, saying its current financial services model best supports the needs of the group's domestic and overseas businesses. The......
Several leading industrialists, including Reliance Industries CMD Mukesh Ambani, Vedanta Resources Limited executive chairman Anil Agarwal, chairman emeritus of Tata Sons Ratan Tata, Mahindra Group......
The Aditya Birla Group is pumping in Rs 750 crore (Rs 7.5 billion) more into its financial business in the rest of financial year 2014 to prepare it for a smooth transition to a bank, if the......
Reserve Bank governor Raghuram Rajan on Friday defended handing out just two licences out of the 25 banking applicants saying the selection panel felt that some of them were better placed to serve......
The Reserve Bank of India said on Monday it had received 26 applications for new bank licences, with Tata Sons Ltd, the holding company for India's largest conglomerate, among those seeking to set......