Bhubaneswar: Reserve bbank of India(RBI) today granted in-princeple bank licence to two new entity named as IDFC and Bandhan Finance Limmited.
IDFC is a Mumbai based Infrastructure finance company and Bandhan known as well established Micro finance company of Kolkata. Bothe entity given 18 months to comply with the regulation to get regular banking licence. RBI clears that during this period these two company can not do banking transactions.
There are 25 company in the race to get new banking licence. But the high level advisory committe headed by former RBI governor Bimal Jalan recommended IDFC and Bandhan name.
IDFC is a Mumbai based Infrastructure finance company and Bandhan known as well established Micro finance company of Kolkata. Bothe entity given 18 months to comply with the regulation to get regular banking licence. RBI clears that during this period these two company can not do banking transactions.
There are 25 company in the race to get new banking licence. But the high level advisory committe headed by former RBI governor Bimal Jalan recommended IDFC and Bandhan name.
No comments:
Post a Comment