Banking aspirants like Shriram Capital,Religare Enterprises scramble for bank licence

Banking aspirants, includingShriram Capital and Religare EnterprisesBSE -0.01 %, are running from pillar to post to get clearances from a plethora of bodies such as the Cen-tral Bureau of Investigation, the incometax department, as the Reserve Bank of India accelerates processes to grant new licences by January. 

The central bank, which is in a hurry after Raghuram Rajan took charge, has sought details of the ultimate beneficiary shareholders in some of the group companies and more details about finance beyond what appears in annual reports. "TheRBI has asked for more information on shareholders, financial results of group companies for last five years and a lot more details on financials," said GS Sundararajan, group director, Shriram Capital. He did not detail the specific questions. 

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