IDFC Ltd has won a banking licence as per a recent RBI announcement. A banking licence would provide a window to IDFC to access low-cost bank deposits and reduce reliance on high-cost term loans and, thus, help expand margins. The company was set up in 1997 as a specialised lender for big-ticket infrastructure project with long gestation period.
Tag: low cost
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SpiceJet’s low cost Sharjah-Lucknow services begin
SpiceJet airline on March 12 launched its low cost Sharjah-Lucknow services which will fly four days a week between the two cities. SpiceJet Chief Executive Officer Neil Mills said that the airline is pleased to bring Lucknow on its international air travel network.