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IDFC Bank gets RBI nod for starting banking operations

Reserve Bank of India (RBI) has granted banking licence to IDFC Bank for undertaking banking business in the country. Infrastructure financing firm IDFC Ltd informed...

Licences for small, payment banks likely in next two months

The Reserve Bank of India is planning to issue first set of licences for small and payment banks in the next two months. It...

IDFC gets shareholders’ nod to launch bank

Infrastructure financing firm IDFC Ltd has received shareholders approval to its demerger scheme to set up a wholly-owned subsidiary IDFC Bank. "The shareholders have unanimously...

Insurers get two years to treat IDFC investment as BFSI exposure

The Insurance Regulatory & Development Authority (Irda) has directed insurance companies to treat their investments in IDFC's fixed-income securities as exposure to the banking...

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