With 16 months left for launching banking operations under the brand IDFC Bank, infrastructure financier, IDFC reportedly is in the process of creating an operating model that will offer quality banking services at a low cost. IDFC also has set-up a project management office to assist in its banking venture.
The project management team will be working on the front-end design, mobile applications and on interaction with customers through social networks in order to cut costs and stay flexible.
IDFC, which recently bagged a commercial banking licence, is planning to start bank operations by October next year. IDFC and Bandhan emerged successful out of about 25 contenders for new bank licences issued by the RBI in April.
IDFC is the country’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.
