IDFC receives Universal Banking License from RBI

Q.  Name the bank that received a universal banking license from the Reserve Bank of India (RBI) last year, will start banking operations from 1st Oct’15?
- Published on 27 Jul 15

a. Bandhan Bank
b. Yes Bank
c. IDFC Bank
d. Commercial Bank

ANSWER: IDFC Bank
 
It received in-principle approval for operation in April 2014 and obtained the final approval on 24th July’15.

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