According to the Finance Ministry, more players will soon get bank licences as the Reserve Bank of India (RBI) will come out with fresh norms on new bank licences in the next four months. In April, RBI had issued bank licences to IDFC and Bandhan Financial Services, out of 25 applications.
Tag: Bandhan Financial Services
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Bandhan to start 600 branches
Bandhan Financial Services plans to begin its banking journey next year with around 600 branches. Bandhan will operate in the rural belt and in the unbanked areas of the country.
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IFC Mulls new Bank Licence
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.