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   
Add To Lightbox
Calculate Price

More on Top News

Can Make in Maharashtra succeed with no colleges, CM?
DNMUM343744 | 9/1/2015 12:00:00 AM | Author : Sudhir Suryawanshi | WC :334

Mumbai: Can you make 'Make in Maharashtra' or 'make Maharashtra' with not a single college?
An RTI application has brought to light the fact that, in the last two years, Maharashtra has sanctioned only one college. The BJP-government, which has c
Add To LightboxCalculate Price

Here are seven questions for you to answer, Mumbai police
DNMUM343745 | 9/1/2015 12:00:00 AM | Author : Divyesh Nair | WC :700

Mumbai: Even a week after the Mumbai police had claimed to have cracked the mystery behind murder of Sheena Bora, there are a series of questions to which the police are yet to find answers. dna asks some of them.
What was the motive behind such a
Add To LightboxCalculate Price

Home, car loan EMIs to come down as banks cut base rates
DNMUM343746 | 9/1/2015 12:00:00 AM | Author : Manju AB | WC :494

Mumbai: Rejoice! Your monthly equated monthly installments (EMIs) on home and car loans are expected to fall or the tenures of loans will come down, with banks reducing their base rates -- the floor price below which they cannot lend.
But your de
Add To LightboxCalculate Price

One cabin, two directors: Locked doors greet MTSU staff
DNMUM343747 | 9/1/2015 12:00:00 AM | Author : Ateeq Shaikh | WC :350

Mumbai: Mumbai Metropolitan Region (MMR) was without 'brain' for a few hours on Monday.
The Mumbai Transformation Support Unit (MTSU) – the think-tank that comes up with out-of-box ideas for MMR's development – was left without office space on Mo
Add To LightboxCalculate Price