IDFC Bank, the newest lender in the country, is looking at an aggressive campaign to get individual depositors and lenders. The bank is also looking at tying up with several financial technology entities. It is in the process of signing a deal with a digital lending company that is focused on MSME.
It aims to close tie-ups with at least three fintech entities by end-December. In June, the bank had acquired South India-based Grama Vidiyal Microfinance. The latter is the country’s fifth-largest micro finance institution, with 1.2 million customers.
IDFC Bank --a subsidiary of India’s leading integrated infrastructure finance company. IDFC has successfully implemented Intellect Design Arena’s Global Transaction Banking (IGTB) solution suite. This combined digital solution by the company will play a key role in IDFC Bank's growth plans, as it seeks to introduce a differentiated form of banking.
