You are here: Home >> English News & Features >> Top News

Bank on jobs as Bandhan, IDFC set up shop after RBI nod

DNMUM302313 | 4/3/2014 | Author : OP Thomas | WC :536 | Business & Economy

  • Packaged Content
  • Bank on jobs as Bandhan, IDFC set up shop after RBI nod

  • Note: Buying this story will also give you the same reproduction rights for these images, without any additional cost.



Armed with an in-principle approval from the Reserve Bank of India (RBI), Mumbai-based infrastructure lender IDFC Ltd and Kolkata-based micro financier Bandhan Financial Services Pvt Ltd are all set to begin the process of rolling out new private banks.
Speaking to dna, Rajiv Lall, executive chairman of IDFC, said his company has plans to build a universal bank that will cater to the entire gamut of retail and wholesale banking business.
Vikram Limaye, managing director and CEO, said the bank would be headquartered in Mumbai and plans were already in place, but it was a bit premature to comment further.
The central bank has given both IDFC and Bandhan 18 months to set up their banks.
On the number of employees IDFC woul
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on Top News

No immediate arrests in dowry cases, says SC
DNMUM393356 | 7/28/2017 12:00:00 AM | Author : Ritika Jain | WC :358

New Delhi: To prevent the misuse of anti-dowry laws, the Supreme Court directed the District Legal Services Authorities (DLSA) to constitute a three-member welfare committee which would examine complaints before arrests are made. The apex court
Add To LightboxCalculate Price

Infighting killed most tigers in 5 yrs
DNMUM393357 | 7/28/2017 12:00:00 AM | Author : Nikhil M Ghanekar | WC :571

New Delhi: Infighting was the biggest cause of tiger deaths in India between January 2011 and September 2016, followed closely by poaching, a first-of-its-kind government study has revealed. This comes at a time when the populati

Add To LightboxCalculate Price

New pharma ban code not tight enough
DNMUM393358 | 7/28/2017 12:00:00 AM | Author : Maitri Porecha | WC :510

New Delhi: Multiple loopholes have surfaced in the process of finalisation of rules which ban pharmaceutical companies from bribing doctors.The draft rules prohibit pharma companies from providing any travel facility, tickets of air, rail, ship
Add To LightboxCalculate Price

‘How did Dutt get so much leave?’
DNMUM393359 | 7/28/2017 12:00:00 AM | Author : DNA Correspondent | WC :331

Mumbai: “How did authorities grant, parole and furlough leave concurrently, within two months of actor Sanjay Dutt surrendering himself as convict in the 1993 Serial Bomb Blast case? Is this the practice normally adopted by them?” the Bombay Hi
Add To LightboxCalculate Price