MoneyWorks4Me

IDFC’s arm receives banking License from RBI

24 Jul 2015 Evaluate

IDFC’s arm IDFC BANK has received a license from Reserve Bank of India (RBI) for undertaking banking business in India under Section 22(1) of the Banking Regulation Act, 1949 from the Reserve Bank of India on July 23, 2015.

IDFC is the country’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.

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