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IFC Mulls new Bank Licence

Infrastructure Finance
September 1, 2013September 1, 2013
IFC Mulls new Bank Licence
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The private sector investment arm of World Bank, International Finance Corporation (IFC) is looking out to partner with aspirants for new bank licences, as it increases its investment in India to $2 billion this year. IFC is an investor in Kolkata-based microfinance institution Bandhan Financial Services, as well as in non-banking finance company Magma Fincorp, both of which have applied for a banking licence.

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