Getting deposits at right price will be key for banking: L&T Finance

L&T Finance, considered a strong contender for getting a licence to become a bank, sees developing the deposits portfolio and filling key posts as two founding stones to become a successful lender.

The Reserve Bank of India (RBI) is in the process of issuing new banking licences after a gap of a decade. It is expected to allow only a handful of new entrants, from a large number of aspirants.

“To get the liabilities portfolio at a right price will be key for us, given that we have no experience in that area,”

Read more >>Click here