New Bank Applicants in India:

Nationalisation of banks in India were done 4 decades ago. Following that very few private banks succeded in getting banking licence - IndusInd, YES Bank, Kotak Bank to quote a few. 

After a 10 years break, RBI had invited applications - this time from wider spectrum of interested entities, including corporates. Maximum of 5 to 6 bank licences may be given off by RBI before March 2014.

Following 26 companies have applied for the banking licence. Succeeding in securing a banking licence could be the first step to new growth prospects for these companies. But there would be lot more to be done to start up and sustain. Only Perseverance would prevail.

NBFC's

1. L&T Finance
2. LIC Housing Finance
3. Shriram Capital
4. Aditya Birla Nuvo
5. Bajaj Finserv
6. Reliance Capital
7. Magma Fincorp
8. Muthoot Finance
9. UAE Exchange

Infra Financing NBFC’s

1. IDFC
2. IFCI
3. SREI Infra
4. Tourism Finance
5. India Bulls

Brokerages

1. India Infoline
2. Edelweiss
3. Religare Enterprises
4. JM Financial

Corporates

1. Value Industries (Videocon)
2. TATA Sons

Micro Finance Institutions (MFI’s)

1. Bandhan Financial Services
2. Janalakshmi Financial Services

Government Department

1. Department of Post

Lesser known Companies

1. Suryamani Financing Co (Dunlop Tyres Pawan Ruia Group, Kolkota)
2. Smart Global Ventures
3. INMACS Management Services (Audit Firm)