Union Budget 2010-11 - Reaction on Banking License to NBFCs
By Ajay Srinivasan (Chief Executive - Financial Services) - Aditya Birla Group
"The Finance Minister has shared the government's desire to open up the banking sector to NBFCs and the private sector.
This is a significant step towards further strengthening and broadening the banking sector and bringing it closer to the aam aadmi.
The Aditya Birla Financial Services Group is already a large non bank player, occupying a significant position across all its verticals. We wholeheartedly welcome this initiative and will definitely apply for a licence. The Aditya Birla Group is confident that we will meet any eligiblity criteria that might be set."
Union Budget