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IIFL Holdings submits application to RBI for Small Finance Bank

03 Feb 2015 Evaluate

IIFL Holdings has submitted an application to Reserve Bank of India (RBI) for a license for setting up Small Finance Bank, pursuant to the RBI Guidelines for Licensing of Small Finance Banks in the Private Sector and the approval of the board of directors of the company.

IIFL (India Infoline group), comprising the holding company, IIFL Holdings and its subsidiaries, is one of the leading players in the Indian financial services space.

Peers
Company Name CMP
Bajaj Finance 1034.20
Shriram Finance 1028.00
Aditya Birla Capital 398.60
Tata Capital 362.80
Chola Invest & Fin. 1845.00
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