1. Home
  2.  |  
  3. Economy Current Affairs  |  

PM Narendra Modi inaugurated IDFC Bank

Oct 20, 2015 15:06 IST

Prime Minister Narendra Modi on 19 October 2015 inaugurated the IDFC Bank in New Delhi.

IDFC Bank Limited, which started its operations on 1 October 2015, is an Indian Banking company with headquarters in Mumbai that forms a part of IDFC, an integrated infrastructure finance company.

IDFC Bank was granted a universal banking license in July 2015 by the Reserve Bank of India (RBI).

IDFC was incorporated on 30 January 1997. It founded a non-operative financial holding company (NOFHC) in 2014 to manage its five subsidiaries IDFC Bank, IDFC MF, IDFC Alternatives, IDFC IDF & IDFC Securities to conform with RBI guidelines.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Quick Digest

Who: PM Narendra Modi

Where: New Delhi

What: Inaugurated IDFC Bank

When: 19 October 2015

Is this article important for exams ? Yes65 People Agreed
Read more Current Affairs on: Narendra Modi , IDFC Bank , IDFC , Banking Company , Financial Institution

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK