Tuesday, August 23, 2011

L&T FINANCE, BAJAJ FINSERVE FRONT RUNNER FOR NEW BANKING LICENCE

The RBI is likely to release the draft licensing guidelines for new private sector banks shortly. Among others, minimum net wort of Rs1000cr will be the prime condition for companies eligible to set up banks in the country.

Although as many as 8-10 corporate group are eager to set up the bank, L&T Finance and Bajaj Finserve are favorite to get the license because of their pedigree.

Others in the fray are - Seri Infra, Religare, Shriram Transport, India Bulls and Reliance Capital.

4 comments:

  1. Dear Mr.Prasanna

    is it right time to accumulate the l&t finance at this rate for 20% gain in 1 yr? Can we buy pfc at this rate or at what rate can we start buying?

    thanks
    vijaya

    ReplyDelete
  2. can we buy pfc at this rate???

    ReplyDelete