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IDFC gets nod from RBI to set up bank

03 Apr 2014 Evaluate

IDFC has received an approval from Reserve Bank of India to set up bank. The RBI has consulted with Election Commission before granting ‘in-principle’ approval to this entity. The central bank is issuing new bank licences for the first time in ten years.

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

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