Happy with proposal of opening banking sector: Ajay Srinivasan

"The Finance Minister has shared the government's desire to open up the banking sector to NBFCs and the private sector. This is a significant step towards further strengthening and broadening the banking sector and bringing it closer to the aam aadmi".

He adds, the Aditya Birla Financial Services Group is already a large non bank player, occupying a significant position across all its verticals. We wholeheartedly welcome this initiative and will definitely apply for a licence. The Aditya Birla Group is confident that we will meet any eligiblity criteria that might be set."