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Bajaj Finserv mulls entry into banking business
June 28, 2013June 28, 2013by In Infrastructure Finance

Bajaj Finserv mulls entry into banking business

Media reports indicate that Bajaj Finserv is one of the non-banking finance companies (NBFCs) that applied for a banking license with the Reserve Bank of India (RBI). Bajaj Finserv is the holding company for the financial services businesses of the Bajaj Group. After getting license, the holding firm plans to convert the assets of its subsidiary Bajaj Finance - also known as Bajaj Finserv Lending - into a bank, reports indicate