https://www.taxtmi.com/news?id=15765 Conversion of MUDRA Ltd into a bank subsidiary was approved to make it a wholly owned subsidiary of the designated development finance institution to undertake refinance operations, support services including portal management and data analysis, and activities entrusted by the Government of India. The company, functional since 8 April 2015, has applied to the banking regulator for concurrence for the conversion; the approval and regulatory application were reported in a ministerial parliamentary reply and press release. en-us Sat, 27 Feb 2016 11:19:45 +0530 Sat, 27 Feb 2016 11:19:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15765 Conversion of MUDRA Ltd into a bank subsidiary was approved to make it a wholly owned subsidiary of the designated development finance institution to undertake refinance operations, support services including portal management and data analysis, and activities entrusted by the Government of India. The company, functional since 8 April 2015, has applied to the banking regulator for concurrence for the conversion; the approval and regulatory application were reported in a ministerial parliamentary reply and press release. News - Sat, 27 Feb 2016 11:19:45 +0530 https://www.taxtmi.com/news?id=15765