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

MMRDA says RTI Act should apply to Metro One
DNMUM329337 | 3/5/2015 12:00:00 AM | Author : Ateeq Shaikh & Ashutosh Shukla | WC :369

Mumbai: Mumbai Metro One Private Limited (MMOPL) should be considered a public authority, that is, under the purview of the Right to Information act. That was the unequivocal stand of the Mumbai Metropolitan Regional Development Authority (MMRDA) abo
Add To LightboxCalculate Price

RSS short(s) changed? Marriage on cards
DNMUM329338 | 3/5/2015 12:00:00 AM | Author : Rohinee Singh | WC :543

New Delhi: In the run-up to celebrating 100 years of its existence, Rashtriya Swayamsevak Sangh (RSS), the patriarch of all right-wing Hindu organisations, plans structural changes. A change in the uniform from the existing shorts to a much amiable l
Add To LightboxCalculate Price

Did Kejriwal conspire Bhushan, Yadav ouster?
DNMUM329339 | 3/5/2015 12:00:00 AM | Author : Aradhna Wal | WC :455

New Delhi: Dissenting Aam Admi Party leaders Prashant Bhushan and Yogendra Yadav were voted out of the party's political affairs committee by the national executive on Wednesday. While eleven people voted against the two, eight votes were cast in the
Add To LightboxCalculate Price

Beef ban may hit agrarian economy of Maharashtra
DNMUM329340 | 3/5/2015 12:00:00 AM | Author : Sudhir Suryawanshi | WC :247

Mumbai: The decision of the BJP-Sena government to ban on slaughter of bulls and oxen may adversely affect the agrarian economy in the state. Since the move will not allow farmers to sell aging and unproductive bovines, they will find it increasingly
Add To LightboxCalculate Price