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

Mumbai no longer migration destination
DNMUM318996 | 10/30/2014 12:00:00 AM | Author : Kanchan Srivastava | WC :539

The city of dreams has lost its charm to satellite cities Navi Mumbai and Mira-Bhyander. Both have emerged as the favourite destination of migrants which could be a relief for Mumbai city which is choked and overflowing. The a
Add To LightboxCalculate Price

How does Manor celebrate Diwali? By making cows jump over fire
DNMUM318997 | 10/30/2014 12:00:00 AM | Author : Gitanjali Das | WC :387

Most of us celebrated Diwali this year with sweets, rangolis and a few crackers. But a bunch of youths from Manor, a town in Thane district, celebrated the festival of lights in a different way: they made cows and buffaloes run across a line of fire
Add To LightboxCalculate Price

Fadnavis adopts Modi model of governance
DNMUM318998 | 10/30/2014 12:00:00 AM | Author : Geeta Desai | WC :500

Chief minister designate Devendra Fadnavis on Wednesday held a detailed familiarisation meeting with top officials triggering apprehension among them that there will be total change in style of functioning and some of the Modi-style chest-thumping br
Add To LightboxCalculate Price

Most black money a/c cleared or closed
DNMUM318999 | 10/30/2014 12:00:00 AM | Author : Team dna | WC :353

The central government's list of 627 black money accounts may prove to be another damp squib as the account holders got enough time to transfer the money or even close their accounts. The list submitted before the Supreme Court includes 150 account h
Add To LightboxCalculate Price