Bajaj Finance Ltd.

Bajaj Finance's holding company, Bajaj Finserv has submitted an application to Reserve Bank of India (RBI) on June 26, 2013 for a Licence to commence banking business in terms of section 22 of the Banking Companies Act, 1949. The holding company proposed to do this by converting its subsidiary Bajaj Finance into a Bank in terms of RBI Guidelines for Licensing of New Banks in the Private Sector dated February 22, 2013.

Bajaj Finance is one of the leading financial companies in India. The company is engaged in the business of providing finance for two-wheelers, consumer durables, personal computers, personal loans, insurance services, etc.