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    Allianz eyes retail banking sector

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    , German financial services behemoth, has planned to enter the Indian banking sector. The company has applied for banking license for retail and corporate sector, to the .

    It has successfully set two insurance companies with . Sources have said that , which had earlier operated in India, and was acquired by Allianz in 2001, could make its case stronger for acquiring the banking license. Allianz AG has a revenue base of over ₤100 billion globally.