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Religare forms panel to apply for new banking license

Religare forms panel to apply for new banking license
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First Published: Tue, Aug 30 2011. 01 27 PM IST
Updated: Tue, Aug 30 2011. 01 27 PM IST
New Delhi: Financial services provider Religare Enterprises on Tuesday said it has set up an advisory panel that would support management’s effort in seeking banking license under guidelines issued by country’s Reserve Bank of India (RBI).
Suman Bery, a former special consultant to the RBI, and Kiran Karnik, former president of the software services association National Association of Software and Services Companies (NASSCOM), have joined the panel and more would follow, the company said.
Religare said it was confident that it would qualify on the all the key norms laid out for new banking license.
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First Published: Tue, Aug 30 2011. 01 27 PM IST