MoneyWorks4Me

IDFC enters into non-binding LoI for setting up Payment Bank

21 Aug 2015 Evaluate

IDFC has entered into Non Binding Letter of Intent (LoI) with Dilip Shantilal Shanghvi and Telenor Financial Services AS for setting up a Payment Bank wherein IDFC and/ or its affiliates would be holding 19.99% stake.

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

Peers