Call us on +91 8294394519 for Free Demo class or any query about Clat Gurukul

Get Direction +91 8294394519  
  • 24/B, Beside Bikaner Sweets, Sahdev Mahato Marg, S K Puri, Patna
  • +91 8294394519 Testimonials Video Gallery
  • Archive Blog

    IDFC Bank to start operations from October

    Posted on: 2015-08-08 Posted by: CLAT Gurukul Category: Archive Blog

    IDFC Bank Along with the demerger of financial undertaking from IDFC Ltd, IDFC Bank will start its lending operations from October 1, 2015. The transfer of business to the new bank should coincide with commencement of banking business, IDFC Ltd said in a filing to the BSE on Tuesday. The board of directors of IDFC Ltd and IDFC Bank at their meetings, on July 30 and July 27 respectively, determined that the demerger scheme could be effective only with receipt of requisite operational licenses from the Reserve Bank of India and IDFC Bank will commence the business from October 1, 2015, it said. The RBI had granted a licence to IDFC Bank on July 23, 2015. The new bank plans to start operations with an initial loan book of around Rs 55,000 crore and with 20 branches. Source: Economic Times

    Note:

    For more updates on topics asked in CLAT, keep visiting CLAT Gurukul which is a knowledge sharing initiative of The Knowledge Tree, Patna's premier coaching institute for CLAT and for other law entrance exams like AILET, SET, LSAT etc.

     

    STAY TUNED WITH US

    Subscribe now and receive weekly newsletter with educational materials on CLAT entrance preparation, new courses, interesting posts, popular books and much more!

    YOUR E-MAIL ADDRESS