An entity's failed attempt at getting a bank licence will not have any bearing on its move to pick up a large share- holding in an existing bank, newly- appointed RBI Deputy Governor R Gandhi said. His comments come against the backdrop of reports that L& T Finance is eyeing a significant stake in private sector lender es Bank. " They might be rejected for bank licence, but as a share- holder if they are going to come, we will examine that. It won't be a bar just because its ( banking) licence has been rejected," .......
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