idfc - Latest News on idfc | Read Breaking News on Zee News

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.

IDFC shares fall over 2% on profit-booking

Last Updated: Thursday, April 03, 2014, 17:52

Shares of infrastructure financing firm IDFC on Thursday pared early gains, falling over 2 percent on profit-booking in-line with a weak stock market, even as the Reserve Bank granted in-principle approval to the company to set up a new bank.

Bandhan's MF operations to be transferred to bank: Ghosh

Last Updated: Thursday, April 03, 2014, 16:24

Armed with an 'in-principle' banking licence from RBI, city-based micro-finance (MF) institution Bandhan Financial Services would transfer its existing business to the proposed bank to be formed.

IDFC shares surge on bank licence; peers fall

Last Updated: Thursday, April 03, 2014, 13:15

Shares of IDFC Ltd surged as much as 8.8 percent on Thursday after the Reserve Bank of India (RBI) granted a preliminary bank licence to the infrastructure sector lender, one of the two firms to get the approval.

Sensex, Nifty at lifetime highs on fund inflows

Last Updated: Thursday, April 03, 2014, 10:27

The 50-share NSE Nifty gained 24.20 points, or 0.35 percent, to touch a new record-high of 6,776.75.

IDFC, Bandhan get bank licences, coprorate houses left out

Last Updated: Wednesday, April 02, 2014, 19:34

The bank licences were awarded a day after the Election Commission granted approval to the RBI to go ahead with the process.

FIIs not allowed to purchase shares in IDFC beyond 52.5%

Last Updated: Saturday, February 22, 2014, 00:21

Foreign investors won't be allowed to buy shares in IDFC Limited beyond 52.5 percent as the company has decreased the limit for foreign shareholding.