The Reserve Bank of India in all received 26 (twenty six) applications. The names of the applicants are:

1. Aditya Birla Nuvo Ltd., Mumbai.
2. Bajaj Finserv Ltd., Pune.
3. Bandhan Financial Services Pvt. Ltd., Kolkata.
4. Department of Posts, New Delhi.
5. Edelweiss Financial Services Limited, Mumbai.
6. IDFC Limited, Mumbai.
7. IFCI Limited, New Delhi.
8. Indiabulls Housing Finance Limited, New Delhi.
9. India Infoline Ltd., Mumbai.
10. INMACS Management Services Limited, Gurgaon.
11. Janalakshmi Financial Services Pvt. Ltd., Bangalore.
12. J M Financial Limited, Mumbai.
13. LIC Housing Finance Ltd., Mumbai.
14. L & T Finance Holdings Limited, Mumbai.
15. Magma Fincorp Limited, Kolkata.
16. Muthoot Finance Limited, Kochi.
17. Reliance Capital Limited, Mumbai.
18. Religare Enterprises Limited, New Delhi.
19. Shriram Capital Limited, Chennai.
20. Smart Global Ventures Pvt. Ltd., Noida.
21. SREI Infrastructure Finance Limited, Kolkata.
22. Suryamani Financing Company Limited, Kolkata.
23. TATA Sons Limited, Mumbai.
24. Tourism Finance Corporation of India Limited, New Delhi.
25. UAE Exchange & Financial Services Ltd., Kochi.
26. Value Industries Limited, Aurangabad.

It may be recalled that while issuing the Guidelines for Licensing of New Banks in the Private Sector, the Reserve Bank had, in its Press Release dated February 22, 2013, indicated that in order to ensure transparency, the names of the applicants will be placed on the Reserve Bank’s website after the last date of receipt of applications. This Press Release is issued in pursuance of that. The receipt of applications for licensing of new banks in the private sector closed today at 17.45 hrs.

Alpana Killawala

Chief General Manager

Press Release : 2013-2014/6

Bank licensing transparency: names of private sector applicants disclosed after the application deadline to ensure openness in the licensing process. The Reserve Bank of India disclosed the names of 26 applicants for new private sector bank licences on its website after the application window closed, pursuant to the Guidelines for Licensing of New Banks in the Private Sector; the release states that receipt of applications closed at 17:45 on the final day and the disclosure promotes transparency.