IDFC, Bandhan Well Capitalised: India Ratings
  • Prabha Hedge
  • Apr 03 2014

April 3: The long wait for bank licences is finally over, the RBI, in its own words, has been conservative in granting 'in-principle' approval for 18 months for the two companies IDFC and Bandhan Financial. These two will be the first banks to be formed in about a decade if they satisfy the conditions put forward by the central bank in 18 months. Bloomberg TV India speaks to Ananda Bhoumik, Senior Director, India Ratings, to discuss in detail the challenges in formation of these two new banks.