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

Sixteen dead in Pulgaon ammunition depot fire
DNMUM365630 | 6/1/2016 12:00:00 AM | Author : Deevakar | WC :331

New Delhi: Sixteen people died and 17 were injured in a fire at India's largest military ammunition depot in Pulgaon, 115 km from Nagpur, on Tuesday.
The fire, first detected at 1.10 am in one of the 10 ammunition sheds of the Central Ammunition D
Add To LightboxCalculate Price

Dr Subhash Chandra files RS nomination papers
DNMUM365631 | 6/1/2016 12:00:00 AM | Author : Rohit Gandhi | WC :291

New Delhi: Media baron Dr Subhash Chandra on Tuesday filed his nomination papers as an independent candidate for the second Rajya Sabha seat falling vacant from Haryana.
The biennial elections to the Upper House are scheduled to be held on June 11
Add To LightboxCalculate Price

Sonia rushes in as Vadra 'benami house' catches fire
DNMUM365632 | 6/1/2016 12:00:00 AM | Author : Team dna | WC :432

New Delhi: A fierce war of words has erupted between the Congress and the BJP following allegations of links between Robert Vadra, son-in-law of Congress president Sonia Gandhi, and controversial arms dealer Sanjay Bhandari.
A combative Sonia hers
Add To LightboxCalculate Price

Swaraj lights up Pak's Mashal
DNJAI68352 | 5/31/2016 12:00:00 AM | Author : dna correspondent | WC :373

Jaipur: Union external affairs minister (MEA) Sushma Swaraj has promised Pakistani Hindu girl Mashal who migrated to India and now lives in Jaipur, that she will get admission in a medical college in Karnataka and assured her that she will personally
Add To LightboxCalculate Price