Aditya
Birla Nuvo (ABNL) has submitted its application to the Reserve Bank of India
(RBI) on June 28, 2013 for the grant of the Banking License, in accordance with
the Guidelines issued by RBI for licensing of New Banks in the Private Sector
(RBI Guidelines). In terms of RBI Guidelines, Aditya Birla Finance, a wholly
owned subsidiary of ABFSPL, the existing non-banking finance company, will be
converted into a Bank. The company and its subsidiaries will comply with the
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