Tata Sons withdraws Application for New Bank - Dated - 27-11-2013 - The Reserve Bank of India has today communicated that Tata Sons Limited has withdrawn its application made on July 1, 2013 for a new bank licence. The company has indicated that its current financial services operating model best supports the needs of the Tata Group s domestic and overseas strategy, and provides adequate operating flexibility to its companies, while securing the interests of the Group s diverse stakeholder base.................................... - News
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