A few instances of banks owned by industrial houses are: Tesco Bank (U.K.), Virgin Money (U.K), Banco Ahorro Famsa (Mexico), Banco Azteca (Mexico), Techcom Bank (Vietnam), Transcredit Bank (Russia), MDM Bank (Russia), Alfa Bank (Russia), Volkswagen Bank (Germany), Mercedes-Benz Bank (Germany), BMW Bank (Germany), Siemens Bank (Germany), C & A Bank (Germany) and Alior Bank (Poland). 23.
We, at RBI, believed that circumstances have changed a lot since nationalization of the major private sector banks in 1969 and in 1980, and more particularly since India embarked upon the path of economic liberalization since 1991. The banking and financial system have evolved stronger and vibrant over the years. It has been deepened and diversified.