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IDFC appoints Shankar to head proposed bank's rural foray

Last Updated: Friday, August 08, 2014, 14:34

Having received the in-principle nod to start a full fledged bank, IDFC today appointed Ravi Shankar as the head of the proposed bank's financial inclusion and rural business initiative.

RBI says IDFC agrees to pare FII limit to 50.5%

Last Updated: Wednesday, July 16, 2014, 20:52

Infrastructure financing company IDFC has agreed to prune foreign shareholding limit by 1 percent to 50.50 percent, as part of plans to progressively pare foreign investor holding to 49 percent to run banking services.

IDFC Bank to be operational by October 2015

Last Updated: Sunday, June 15, 2014, 11:55

IDFC and Bandhan emerged successful out of about 25 contenders for new bank licences issued by the RBI in April.

'RBI to soon announce rules for on-tap banking licenses'

Last Updated: Saturday, June 14, 2014, 18:10

"The RBI will soon come out with policy guidelines in differentiated banking licenses within a short period of time", Gandhi said.

IDFC lowers FII shareholding limit by 0.25% points

Last Updated: Wednesday, May 07, 2014, 20:54

Infrastructure lending firm IDFC Ltd has decreased the FIIs limit by 0.25 percentage points, making 52.25 percent shares available for foreign investors.

IDFC Q4 net profit halves to Rs 258 cr

Last Updated: Friday, April 25, 2014, 19:05

Infrastructure finance company IDFC on Friday said its net profit more than halved to Rs 257.94 crore in the fourth quarter ended March 31.

Banking licence to IDFC may affect infrastructure sector: SBI

Last Updated: Saturday, April 05, 2014, 21:51

The State Bank of India (SBI) on Saturday welcomed competition in the banking sector but apprehended that IDFC's entry into banking may impact the infrastructure sector.

Balance-sheet growth not focus at start of bank ops: IDFC

Last Updated: Friday, April 04, 2014, 17:24

IDFC and Kolkata-based microfinance player Bandhan are the only entities which were given an "in-principle" approval by RBI for banking licences on Wednesday.

Some applicants may be better at differentiated banking: Rajan

Last Updated: Friday, April 04, 2014, 14:28

"Some of the applicants may be better off applying for a differentiated licence rather than for the full licence," Rajan said when asked about the very conservative approach to the much-touted licensing process.

India's newest banks plot divergent growth strategies

Last Updated: Thursday, April 03, 2014, 23:25

India`s two newest would-be banks, Infrastructure Development Finance Co (IDFC) and Bandhan Financial Services Ltd, are planning divergent paths in an industry that is crowded with lenders but still fails to reach roughly half the population.

No change in IDFC rating at present: S&P

Last Updated: Thursday, April 03, 2014, 22:39

Credit rating agency Standard & Poor's on Thursday said rating on IDFC is not immediately affected by its getting licence to make a foray into commercial banking but warned of short-term challenges and dip in its profitability.

Bank conversion to weaken IDFC profitability: India Ratings

Last Updated: Thursday, April 03, 2014, 21:22

Highlighting execution challenges that IDFC faces in turning into a universal bank, India Ratings on Thursday said key profitability metrics of the infra financier will drop sharply in near to medium-term.