Friday, July 5, 2013

Will look into possible conflict of interest in Birla's bank licence plea: RBI

Chennai: RBI Thursday said it will look at whether there is any conflict of interest arising out of a bank licence application filed by Aditya Birla Nuvo, whose group Chairman Kumar Mangalam Birla happens to be on the board of the central bank. "We have to take a view on that. This is a very recent development," Reserve Bank Governor D Subbarao told reporters after a meeting here of the central board.........

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