19 Jun 08 Religare Enterprises to start Religare Bank?

Religare Enterprises when asked for a clarification by the stock exchanges on the news item which appeared in one of the leading pink papers, has replied back to the stock exchanges confirming plans of foraying into the banking industry. However, the announcement said that there were no concrete developments yet and that the company would inform the shareholders about the development at the right time. Lets wait for more details on the formation of Religare Bank.

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