After so much of ' Black&White' by Axis bank, Surf excel applies for bank licence

Mumbai: While RBI is busy with demonetization and its chaos management, a detergent company applies for banking licence. Many economic experts says that it’s due to the RBI’s liberal policy of the last few years. Financial expert quote 23 new banking licences granted under Raghuram Rajan as the reason.

However, Faking News sources say that, Surf Excel’s application is due to the grand success of Axis Bank whose success story came into limelight just last week.

Our FN sources asked an executive of the company, “How can a detergent company run the baking operation?” Though they said nothing officially, they said off the camera, “When a banking company run the business of a detergent company to turn ‘Blacks’ into ‘Whites’, why can’t we run the banking operations?”

( Posted on 22 December 2016)