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Tatas, Aditya Birla among 26 applicants for bank licences

The Reserve Bank of India (RBI) said on Monday it had received 26 applications for new bank licences. The Tatas, Aditya Birla Nuvo, part of the diversified Birla conglomerate, and L&T Finance Holdings were among applicants in the race for banking licences.

Others included Reliance Capital, Religare Capital Markets Ltd and IDFC Ltd. Also, Kochi-based gold loan company Muthoot Finance and UAE Exchange India said they have submitted applications to RBI for licences to offer full-fledged banking services.

The 26 applicants for new bank licences

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