Thursday, May 16, 2013

Edelweiss plans to enter banking, awaits RBI clarifications on norms

......Edelweiss Financial Services, already into stockbroking, mutual fund and insurance, intends to enter banking. It is waiting now for clarifications from the Reserve Bank of India (RBI) on its guidelines on new bank licences. The guidelines were out in February. Following queries from prospective applicants, the central bank is expected now to issue clarifications............

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