Banking licence: Srei also warms up | india | Hindustan Times
Today in New Delhi, India
Jul 28, 2017-Friday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Banking licence: Srei also warms up

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.

india Updated: Mar 11, 2013 23:13 IST

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.