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

Vishwas' mail shows lack of trust in chief
DNMUM331085 | 3/28/2015 12:00:00 AM | Author : Aradhna Wal | WC :450

New Delhi: Though a loyal soldier of the Arvind Kejriwal camp now, Aam Aadmi Party (AAP) leader Kumar Vishwas was not always very happy with his party chief. Vishwas fell out with Kejriwal after the Lok Sabha elections in 2014. It originated in Ameth
Add To LightboxCalculate Price

Not so Gandhian: Tapes reveal Kejriwal calling Yadav names
DNMUM331086 | 3/28/2015 12:00:00 AM | Author : Aradhna Wal | WC :645

New Delhi: Aam Aadmi Party's (AAP) chief and Delhi CM Arvind Kejriwal has so far been conspicuous by his silence on the ugly faction feud within his party. However, on Friday, this silence was broken, unwittingly, through yet another sting on Kejriwa
Add To LightboxCalculate Price

Hospitals must admit accident victims: HC
DNMUM331087 | 3/28/2015 12:00:00 AM | Author : Urvi Mahajani & Somita Pal | WC :231

Mumbai: Expressing concern over growing accident fatalities, the Bombay High Court on Friday asked the government to ensure that all hospitals, public as well as private, provide treatment to all accident victims and do not turn them away.A division
Add To LightboxCalculate Price

Top risk to Indian businesses: corruption
DNMUM331088 | 3/28/2015 12:00:00 AM | Author : dna correspondent | WC :231

New Delhi: It seems that the 'Achhe Din' concept of a corruption- and fraud-free India is yet to percolate down into the realm of business. Corruption, bribery and corporate frauds is the leading challenge to doing business in India, says the India R
Add To LightboxCalculate Price