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of <h1>Tata Sons Withdraws 2013 Bank License Application; Cites Strategic Alignment with Current Financial Model Accepted by RBI.</h1> Tata Sons Limited has withdrawn its application for a new bank license, initially submitted on July 1, 2013. The company stated that its existing financial services model aligns better with its domestic and international strategies, offering flexibility and safeguarding stakeholder interests. The Reserve Bank of India has accepted this withdrawal. Previously, on July 1, 2013, the Reserve Bank had published a list of 26 applicants for new bank licenses, with updates provided on September 6, 2013.
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