L&T gets the 'talk' from RBI

The talk would happen on March 19, as per the update on website of RBI

Ahijit Lele Mumbai
Last Updated : Mar 18 2013 | 4:10 PM IST
Infrastructure major, L&T which is vying for a banking licence, would get a taste of regulation in the  sector.

The deputy governor of Reserve Bank of India (RBI) would address the senior management of L&T on governance in banks and financial institutions.

The talk would happen on March 19, as per the update on the website of RBI. The seminar would take place at the company's construction skills and training institute in Lonavala, near Mumbai.

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L&T Finance is a non-banking financial institution of the group. The group also has presence in general insurance and mutual funds.

L&T, in addition to many other large corporate houses like the A B Birla group, Tata group, Reliance Anil Dhirubhai Ambani group, and Mahindras who have shown interest in opening a bank. The guidelines which came in last month for these licences had even permitted public sector companies to apply for these licences.
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First Published: Mar 18 2013 | 4:07 PM IST

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