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This is an archive article published on March 4, 2013

Videocon plans to open bank

With the Reserve Bank of India issuing guidelines for new bank licences,diversified group Videocon Industries on Sunday said it will enter the banking sector with a foreign partner and has earmarked Rs 1,000 crore for the purpose

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With the Reserve Bank of India issuing guidelines for new bank licences,diversified group Videocon Industries on Sunday said it will enter the banking sector with a foreign partner and has earmarked Rs 1,000 crore for the purpose.

Already,we have entered the financial sector through our joint venture with Liberty Mutual Insurance. Now that the guidelines for new banking licence have come,Videocon will definitely apply for it, Videocon Industries chairman Venugopal Dhoot said.

 

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