Leading non-banking financial companies such as IDFC and LIC Housing stand a good chance of securing banking licences issued by the Reserve Bank of India (RBI) as they meet most of the central bank’s requirements, backed by their sound business model, impressive track record, and simple ownership structure, says Goldman Sachs, a foreign brokerage house.

Source : http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/idfc-lic-housing-fin-may-make-the-grade-for-new-bank-licences-goldman-sachs/articleshow/26228547.cms

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