Tuesday, July 2, 2013

Muthoot Finance applies for banking licence

...........Muthoot Finance’s board, at a meeting on Sunday, noted that if the promoters are granted an in-principle approval to start a bank, the shareholding structure and business of the company would have to be restructured in compliance with the Reserve Bank of India (RBI) guidelines within 18 months, the company said in a filing to BSE...........

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