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Board of IDFC decides to foray into banking

Board of IDFC decides to foray into banking

Rajiv Lall, Executive Chairman of IDFC informed that the board of the infrastructure finance company decided to go ahead for a banking license. IDFC is an infrastructure financing non-banking financial company (NBFC). According to analysts, NBFCs stand a brighter chance to get a bank license from the Reserve Bank of India (RBI)