Guidelines for licensing of new banks have finally been issued: Bharat Doshi
It is heartening to note that the guidelines emphasize the requirement of sound credentials, integrity and successful track record.
“We are delighted to note that guidelines for licensing of new banks have finally been issued. The suspense for Industrial Houses has ended and the guidelines clearly state that private sector, Public sector and existing NBFCs shall be eligible. It is heartening to note that the guidelines emphasize the requirement of sound credentials, integrity and successful track record. We of course need to study the detailed guidelines, the fine print and transition provisions.
Mahindra Finance which has strong rural presence and track record of good governance will definitely look at this opportunity after review by its Board and the Board of the parent company Mahindra & Mahindra Limited.”
Bharat Doshi, Chairman, Mahindra & Mahindra Financial Services Limited
Get Top 500 Company Research from acclaimed IIFL Research Team...Click Here!!!
India Infoline Research Team / 10:47, Aug 24, 2015
In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.