Home / Opinion & Views / Tata, Mahindra, Reliance Banks in the making.

Tata, Mahindra, Reliance Banks in the making.

Before starting this post, I would like to thank each and everyone who has been reading my blog and sharing their opinions that has helped this blog reach over 1000 hits in less than 3-months !

Now to the main thing  – the Reserve Bank of India has finally agreed to allow the private players and the PSUs to avail banking licenses. Which means the private companies and the govt run PSUs can now open banks and provide various banking solutions.

RBI to allow private companies to apply for banking license. Courtesy: Rediff
RBI to allow private companies to apply for banking license. Courtesy: Rediff

This decision will allow the corporate biggies like the TATAs, BIRLAs, RELIANCEs, MAHINDRAs etc to throw their hats in the ring and try their hands at the banking sector too. As it is they are earning huge profits and if they come in banking sector, they would seriously multiply the profits !

Private companies in India. Courtesy: indiraiscs
Private companies in India. Courtesy: indiraiscs

Well if there is no any other criteria then with the high-class and the ultra-high class would open a bank for themselves ! Patel Co-op Bank, Sharmaji Allahabadwaale Bank, or maybe Aamcha Tendulka sahakari bank !!

But everyone should learn something from Azim Premji, who has recently donated an amount of Rs 12,300 crores from his personal shares ! I’m glad that people like him are such present who simply don’t have the money making mentality !

About Atulmaharaj

Maintaining the blog for the past 3 years, I’m a Foodie, Techie, Cricket Enthu, Traveler, Blogger and a Cook ! You’ll find posts within a wide range of topics from food to technology.

Favorite Quote: “Traveling is like reading a book, one who hasn’t traveled, hasn’t turned a page.

Check Also

Paytm Bank now open for all.

Paytm Bank now open – Steps to open Paytm Bank Savings Account

We all are aware that Paytm had been offered a banking license some time back. …

Share your thoughts

Get Amazing Stories

Get a weekly digest of all the posts from the blog delivered right to your inbox, just a click away, Sign Up Now - We promise, we'll never spam.
Name
Email address
Secure and Spam free...
%d bloggers like this: