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

Mulayam is not floating new outfit, for now
DNDEL9821 | 9/26/2017 12:00:00 AM | Author : Srawan Shukla | WC :303

Lucknow: Did Samajwadi Party patriarch Mulayam Singh Yadav change his mind at the last moment to turn down his brother Shivpal Singh Yadav’s plea to float a new political party or front during Monday’s much-publicised press conference.
If a press
Add To LightboxCalculate Price

Rahul hits poll trail in Gujarat, slams Modi
DNDEL9822 | 9/26/2017 12:00:00 AM | Author : DNA Correspondent | WC :177

Ahmedabad: A visit to Dwarkadheesh temple and a bullock cart ride were among the highlights of the day as Congress vice president Rahul Gandhi kicked off his party’s campaign for the Gujarat elections by attacking Prime Minister Narendra Modi over de
Add To LightboxCalculate Price

‘Will repeat surgical strikes if needed’
DNDEL9823 | 9/26/2017 12:00:00 AM | Author : DNA Correspondent | WC :205

New Delhi: Surgical strikes were carried to send a message to the adversary and if required these can be repeated, Army Chief Gen Bipin Rawat said on Monday adding that stories of valour should be taught in schools.
“The strikes were meant to sen
Add To LightboxCalculate Price

BHU VC in denial mode, says everything is normal
DNDEL9824 | 9/26/2017 12:00:00 AM | Author : Kritika Sharma | WC :311

New Delhi: On a day that Prime Minister Narendra Modi and BJP President Amit Shah have also expressed their concern over the ongoing situation in Banaras Hindu University (BHU), the Vice Chancellor denied, saying that everything is “normal” on campus
Add To LightboxCalculate Price