IDFC Current Affairs, GK & News

Capital First merges with IDFC Bank to create IDFC First Bank

The IDFC Bank has merged completely with the non-banking financial company Capital First on 18th December 2018 into a new entity to be called as IDFC First Bank. The merger between IDFC Bank and Capital First was announced on 13th January 2018. The new bank i.e. IDFC First bank will have a loan asset book ..

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IDFC gets banking licence from RBI

Infrastructure Development Financing Company (IDFC). Ltd became second lender to enter the banking sector since 2004, as the Reserve Bank of India granted Banking licence on 24 July 2015. It was Yes Bank that got banking licence in 2004. However, IDFC and Microfinance Company Bandhan Financial Services Pvt Ltd were granted preliminary bank permits by RBI in ..

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RBI grants 'In-Principle' banking licenses to IDFC and Bandhan

RBI has granted “in-principle” banking licences to Infrastructure Development Finance Company (IDFC) and microfinance lender Bandhan Financial Services Ltd. The declaration was made by RBI after nod from the Election Commission. RBI had sought a go-ahead from the Election Commission prior to declaring the awardees, as the model code of conduct is in place in the run up to ..

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