IDFC Bank - Important Points to Remember | IBPS PO - IBPS RRB - SBI Interviews 2015

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IDFC Bank - Important Points to Remember  Headquarters

Infrastructure financier IDFC, which received a universal banking licence from the Reserve Bank of India (RBI) last year, will start banking operations from October 1 with an initial loan book of around Rs.55000 Crores . It received in-principle approval for operation in April 2014 and obtained the final approval on Friday.
IDFC intend to start with 20 branches of which 15 branches will be in tier-IV centres (population of less than 10,000). All these branches will be located in three districts of Madhya Pradesh Khandwa, Harda and Hosangabad. The remaining five branches will be in metropolitan cities such as Delhi and Mumbai.
“The RBI on July 23, 2015 has granted Banking Licence to IDFC Bank Ltd for undertaking banking business in India under Section 22(1) of the Banking Regulation Act, 1949,” IDFC said in a disclosure with the bourses.



Bandhan, which also received a banking licence, will start operations from August 23.It was in 2004 that the RBI had last issued licences to private players, when it gave approval to Yes Bank to start operations. 
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Tags : IDFC Bank - Important Points to Remember | IBPS PO - IBPS RRB - SBI Interviews 2015 Headquarters Operations Establish Date IDFC Bank Recruitments 2015 IDFC Bank FullForm Abbreviation Branches Madhya Pradesh Khandwa, Harda and Hosangabad Delhi and Mumbai.

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