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

Kanimozhi faces fresh CBI probe in 2G scam
DNMUM333117 | 4/21/2015 12:00:00 AM | Author : Prabhati Nayak Mishra | WC :709

New Delhi: The 2G scam is coming back to haunt Kanimozhi, daughter of DMK Chief M Karunanidhi; Sharad Kumar, former MD of Kalaignar TV; and, Tamil Nadu cadre IPS officer Jaffer Sait. Of the three, Sait is the only one who is not an accused in the

Add To LightboxCalculate Price

Bombay Gymkhana likely to lose parking space
DNMUM333118 | 4/21/2015 12:00:00 AM | Author : Amrita Nayak Dutta | WC :336

Mumbai: The 140-year-old Bombay Gymkhana might lose its parking facility. The Brihanmumbai Municipal Corporation (BMC) had recently served a notice to the club, saying that its lease agreement with the civic body is expiring.The BMC wants to take ove
Add To LightboxCalculate Price

Cricket knocks out another young life
DNMUM333119 | 4/21/2015 12:00:00 AM | Author : dna correspondent | WC :1259

Kolkata: Raj Kumar Keshri spent most part of his life selling tea in a lower middle-class neighbourhood in Howrah, known as Kolkata's poorer cousin. He couldn't save much for his two sons, managing just about enough to set up a cigarette shop for

Add To LightboxCalculate Price

After 56-day sabbatical, Rahul in 21-minute fame
DNMUM333120 | 4/21/2015 12:00:00 AM | Author : Iftikhar Gilani | WC :472

New Delhi: It was Rahul Gandhi 2.0. Fresh from a 56-day (mysterious) sabbatical, a recharged Congress vice-president claimed the floor of the House for 21 minutes taking on the Modi government over the land ordinance.Earlier, wary of treasury benc

Add To LightboxCalculate Price