iconimg Tuesday, August 04, 2015

Press Trust Of India
New Delhi, March 11, 2013
Financial services group Srei plans to apply for a banking licence to set up a bank with strong rural presence and would not rope in any domestic or foreign partner in this venture.

The group sees its already strong presence in rural areas as a major advantage for its possible banking foray, as the RBI has proposed a minimum of 25% presence in rural areas for the new banks.