Tata Sons withdraws Application for New Bank

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..... Tata Sons withdraws Application for New Bank
News and Press Release
Dated:- 27-11-2013

The Reserve Bank of India has today communicated that Tata Sons Limited has withdrawn its applicati .....

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..... on made on July 1, 2013 for a new bank licence. The company has indicated that its current financial services operating model best supports the needs of the Tata Group's domestic and overseas strategy .....

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..... , and provides adequate operating flexibility to its companies, while securing the interests of the Group's diverse stakeholder base. The Reserve Bank has accepted withdrawal of the application. It m .....

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..... ay be recalled that the Reserve Bank of India had, on July 1, 2013 placed on its website a list of 26 applicants for new bank licences in the private sector and had intimated the change in the names o .....

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..... f applications earlier on September 6, 2013. Ajit Prasad Assistant General Manager
News - Press release - PIB .....

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