The full form of IDFC is Infrastructure Development Finance Company. It is basically an Indian finance company. Additionally, they are a finance advisory that gives loans and financial aid to several projects. These projects include infrastructure management, asset management, and investment in several different fields of the market. The banks help in giving powerful and trusted advice for the growth of the company’s economy. Their decisions are proven to be one of the best in the market that helps the company grow its profit. In 2014 the Reserve Bank of India (RBI) got approval requests from the two entities of the 25 banks available in the market.
IDFC stands for Infrastructure Development Finance Company. It is an Indian financial services company, founded in 1997, that provides lending, banking, insurance, and asset management services to clients. It is one of the leading non-banking financial companies in India and is registered with the Reserve Bank of India.
IDFC means infrastructure development finance company. Generally, it is an Indian finance company. These schemes include substructure organization, asset running, and investment in several different fields of the market. In 2014 the RBI Reserve Bank of India got support desires from the two entities of the 25 banks available in the market.
Furthermore, in 2015 IDFC the Non-banking company got approval successfully from the RBI Reserve Bank Of India. After this approval, they finally receive the license from the top banking body of India that is RBI on 23 July 2015. Moreover, the approval gave a rising wing to the firm of IDFC. There was a lot of competition but they still manage to survive the early years. The company then entered this banking market and is successfully running thereafter.
When did IDFC’s first bank start?
October 2015
Who is the CEO of IDFC First Bank?
V. Vaidyanathan
Vision IDFC First Bank-:To be a leading financial services provider- admired and respected for high corporate governance, ethics, and values.
To primarily support the growth of MSMEs in India with debt capital through technology-enabled platforms and processes.
Vikram Limaye is the CEO of IDFC. Dr. Rakesh Mohan is the founder of IDBI. The headquarters is in Chennai, Tamilnadu, India. IDFC Bank started operating banking services on 1 October 2015. The equity shares of IDFC were listed at the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE).
Infrastructure Development Finance Company (IDFC) was started on 30 January 1997 with its registered office in Chennai. Any citizen of the country is eligible to open a zero balance saving account with the IDFC First Bank. Zero saving accounts can be opened by any individual citizen either individually or jointly.
| Term | Full Form |
| IDFC | Infrastructure development finance company |
FAQ’s
It is basically an Indian finance company. Additionally, they are a finance advisory that gives loans and financial aid to several projects.
IDFC is short form of infrastructure development finance company.
infrastructure development finance company is full form of IDFC.
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