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