A total of 26 applications were received by the Reserve Bank of India (RBI), including those from corporate heavyweights like L&T, Tata group (Tata Sons has applied, not Tata Capital), Reliance Capital, Aditya Birla Nuvo, Bajaj Finserv and Videocon (in the name of Aurangabad-based Value Industries).

The Department of Posts, Tourism Finance Corporation and government-owned financial institution IFCI were among the public-sector entities that applied. Read More

Jyothi Shankaran

    Jyothi’s last role was as Senior Editor with the business news channel Bloomberg TV India. He also worked as News Editor at business-standard.com, the online version of the business newspaper Business Standard. Jyothi is a chemical engineer from the Regional Engineering College, Srinagar.