L&T Finance Holdings, which aspires to set up a banking business, may not be able to set up a non-operative financial holding company (NOFHC) as mandated by the Reserve Bank of India (RBI) because its public shareholding is below 51 per cent. According to the clarification issued by the central bank on new bank license norms, private players aspiring to enter the banking space need to create a NOF
Tag: L&T Finance Holdings
Post
Post
More on Board
The Board of Directors of Larsen & Toubro announced that R Shankar Raman will be appointed Chief Financial Officer of the Company on 6 September 2011, and will subsequently be elevated to the Board on 1 October 2011.