Mahindra & Mahindra may apply for a banking licence


Anish Shah, Managing Director and CEO of Mahindra & Mahindra (M&M), said the conglomerate could look at applying for a banking licence.

“We feel that from a governance standpoint, we will meet all the criteria that are laid out for us,” he told The Economic Times.

However, the conglomerate has not yet decided whether it will acquire a state-run bank or a private bank, he told the paper. Click to Read More

Mahindra and Mahindra was quoting at Rs 798.35, down Rs 9.70, or 1.20 percent on the BSE.

News Source:- Moneycontrol

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