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This is an archive article published on June 20, 2013

Tourism Fin Corp to seek banking licence

The board of Tourism Finance Corporation of India Ltd (TFCI),which caters to the financing needs of the tourism industry,

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The board of Tourism Finance Corporation of India Ltd (TFCI),which caters to the financing needs of the tourism industry,has approved a proposal to seek licence from the Reserve Bank of India for setting up a bank.

“TFCI,in terms of the approval by the board of directors,is submitting application with RBI for banking licence,” the company said in a filing on the BSE. The RBI has set July 1 as deadline for applying for a banking licence.

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