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Business Standard

IDFC Bank, parent merger on cards

NBFCs gear up to apply for on-tap bank licences

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Idfc Bank

Nupur Anand  |  Mumbai 

The draft guidelines on on-tap banking licences will help IDFC Bank, the country's newest bank, to merge with its parent to create a bigger entity. Rajiv Lall, founder, managing director and chief executive IDFC Bank, told Business Standard the easing of the rules would make it possible to integrate IDFC and IDFC Bank.

Asked if the new rules could be applied retrospectively, Lall said they should be to create a level-playing field. New converting entities that do not have any other group entities do not need to have a non-operative financial holding company (NOFHC) structure. Also, ...

First Published: Sat, May 07 2016. 00:59 IST
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