In a statement, the USIBC said it will work to advance the US-India strategic and economic relationship by advocating for policy changes that can unlock greater growth and investment opportunities for businesses
The bank aims to reach 50,000-75,000 merchant points to be connected to the Aadhaar pay module in the next two years.
Launched by Rajiv Lall, Vishal Mehta and Donald Peck in 2005, social impact venture fund Lok Capital completed a decade of investing in India this year. CNBC-TV18's Shereen Bhan caught up with the founding team to reflect on the journey so far.
Before the upcoming Reserve Bank of India (RBI) meet, Rajiv Lall, MD of IDFC said that the central bank needs to maintain a balancing act as it needs to keep in mind the imminent rate hike by the US Fed and the political uncertainty in Europe.
Concerted efforts from the government and banks will likely ease the pain and calm the panic among citizens created due to the ongoing demonetisation drive, according to IDFC Bank‘s Managing Director and Chief Executive Rajiv Lall.
Nidesh Jain of Investec Capital Services spoke about the reverse merger among other things. He said Bajaj Finance & Bajaj Finserv are big beneficiaries among NBFCs.
Rajiv Lall, MD & CEO of IDFC Bank said that about 45 percent of the outstanding credit of banking system is only to 300 corporates. About 60 percent of household savings are not in banks and hence there is a lot of opportunity to reach out to customers.
The bank, which began operations on October 21 last year, saw a net interest income of Rs 404 crore and a non-interest income of Rs 200 crore, which included Rs 170 crore in treasury gains.
Rajiv Lall, MD & CEO of IDFC Bank believes that banks will have to be more payment bank-like to compete with payment banks.
NITI Aayog Vice-Chairman Arvind Panagariya, Chief Economic Adviser Arvind Subramanian and Reserve Bank Deputy Governor Urjit Patel were present. Besides, the meeting was attended by Finance Secretary Ratan P Watal, Economic Affairs Secretary Shaktikanta Das, Revenue Secretary Hasmukh Adhia and Financial Services Secretary Anjuly Chib Duggal.
IDFC Bank will be offering 9.50 percent base rate to its customers, says Rajiv Lall, executive vice-chairman and MD of IDFC Bank. He also says the bank is on track to deliver at least a Rs 1,000 crore in profits this year.
Rajiv Lall will relinquish his position as the Chairman of IDFC Ltd and be the Executive Vice Chairman and Managing Director of the bank.
IDFC, which is to launch its banking venture on October 1, announced the management team for its banking venture, IDFC Bank, which it said would be led by Rajiv Lall.
Finance company IDFC‘s shareholders have approved the demerger of its financial undertaking into IDFC Bank. With this approval most of IDFC to IDFC Bank conversion process will be completed.
According to Rajiv Lall, the Railway Budget intended to transform railways over the next five years.
Rajiv Lall, the chairman of IDFC, spoke about issues plaguing the power sector, and on markets and the economy.
Speaking to CNBC-TV18, Rajiv Lall, CEO & MD, IDFC says he expects the company‘s non-performing assets (NPAs) to continue in the 1-1.5 percent range, far lower than the market standards.
Commenting on the passage of Pension Bill in Lok Sabha, Ashvin Parekh, Senior Expert, E&Y says, it gives the new authority a lot more powers to put things together particularly in the voluntary pension area.
It is a welcome sign for the Indian economy that the incoming governor knows exactly what he wants to do and that he has laid out his programme, feel experts
IDFC has adopted Equator Principles, an internationally accepted credit risk management framework for determining, assessing and managing environmental and social risk in Project Finance transactions
Investing in a social enterprise in India has become quite the in-thing and the definition of who is a social entrepreneur seems to be changing as well. So, to take stock of what is happening in this space and how we should look at social capital we met with some of the earliest players in the business.
Panel to select Chief Economic Advisor met today, reports CNBC-TV18 quoting sources. The panel is headed by Prime Minister's Economic Advisory Council Chairman C Rangarajan.
This is the government's great Indian infrastructure dream. But the ground reality is a rude awakening. With a slowing economy, high interest rates and more importantly delayed decision making, infra projects and infra companies face an uncertain future.
With a slowing economy, high interest rates and more importantly delayed decision making, infra projects and infra companies face an uncertain future.
IDFC today said it has learnt right lessons on issuing retail tax-saving infra bonds and will be hitting the market in second quarter of FY 12 with a fresh issue, hoping to improve on the Rs 1,400-crore it had mopped up last year.