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of <h1>RBI Receives 26 Applications for New Private Bank Licenses; Notable Applicants Include Tata, Bajaj, Aditya Birla.</h1> The Reserve Bank of India received 26 applications for new bank licenses in the private sector. Applicants include prominent companies and financial services from various cities such as Mumbai, Pune, Kolkata, New Delhi, and more. Notable applicants are Aditya Birla Nuvo Ltd., Bajaj Finserv Ltd., and Tata Sons Limited. This disclosure aligns with the RBI's commitment to transparency, as previously announced in February 2013. The application process concluded on July 2, 2013, at 17:45 hours.
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