In order to expand banking facilities,RBI has issued guidelines to allow corporate houses to set up banks.
The Reserve Bank of India in all received 26 (twenty six) applications. The names of the applicants are:-Aditya Birla Nuvo Ltd., Mumbai.
-Bajaj Finserv Ltd., Pune.
-Bandhan Financial Services Pvt. Ltd., Kolkata.
-Department of Posts, New Delhi.
-Edelweiss Financial Services Limited, Mumbai.