IDFC LIMITED - Grant of "In-Principle" approval by RBI for Payment Banks
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| 20 Aug 2015 | |
| With reference to the Press Release dated August 19, 2015 issued by the Reserve Bank of India (RBI) announcing the names of the entities to whom the In-Principle approval was granted to set up payments banks. Shri. Dilip Shantilal Shanghvi is one of the successful applicants who have been awarded the "In principle approval for setting up a Payment Bank.<BR><BR>In this regard, IDFC Ltd has informed BSE that IDFC has entered into Non Binding Letter of Intent with Shri. Dilip Shantilal Shanghvi and Telenor Financial Services AS for setting up a Payment Bank wherein IDFC and/ or its affiliates would be holding 19.99% stake. | |
| View all announcements for IDFC LIMITED | Source: BSE India |
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