Mumbai, Nov 18: LIC Housing Finance, a subsidiary of Life Insurance Corporation (LIC), may rope in an external consultant to advise it regarding its proposed foray into banking business.
“We may rope in a consultant for our proposed foray into banking business, if that is required. This will happen after the final guidelines on banking license is out by the Reserve Bank of India (RBI),” Director and Chief Executive of LIC Housing Finance, V K Sharma told PTI today. He, however, declined to give any time line for the appointment of the consultant.
The housing finance company has earlier evinced interest to enter into banking business and is currently working internally towards this.
“We have constituted our board level committee. Also, the company level committee is looking into the issue,” he said.
From: http://ping.fm/Ti9oy
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