The Singapore-based BK Modi, who is the promoter of the Spice Group, has launched a Bank named Smart Global Bank, in London. "We are launching the Smart Global Bank in London because London is global hub and a global city where most of the thinking is going on," B K Modi, founder-chairman of Spice Global said. Interestingly, he is also planning to apply for a banking licence in the country, the last date for which is today. Modi has business interest in mobile handsets and retail, among others.
BK Modi of Spice Group launches bank in London
