RBI Picks IDFC & Bandhan To Run Banks
  • 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. Saloni Shukla shares a detailed report on the same.