Chatterjee Group to set up private bank in BengalJuly 7th, 2011 - 12:13 am ICT by IANS
Kolkata, July 6 (IANS) The Chatterjee Group (TCG) is looking at setting up a private bank in West Bengal.
Talking to reporters after a meeting Chief Minister Mamata Banerjee at state Secretariat here Wednesday, TCG chairman Purnendu Chatterjee said, “The chief minister has encouraged us to look for new kinds of banking institutions in the state. Bengal has remained under-banked for long.”
The Group is applying with the Reserve Bank of India (RBI) for necessary license.
State Commerce and Industries Minister Partha Chatterjee said although the government will not have any equity participation in the bank, it will support the Group.
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