A total of 26 applications were received by the Reserve Bank of India (RBI), including those from corporate heavyweights like L&T, Tata group (Tata Sons has applied, not Tata Capital), Reliance Capital, Aditya Birla Nuvo, Bajaj Finserv and Videocon (in the name of Aurangabad-based Value Industries).

The Department of Posts, Tourism Finance Corporation and government-owned financial institution IFCI were among the public-sector entities that applied. Read More