IDFC appoints Ravi Shankar to lead rural banking
IDFC Ltd has appointed Ravi Shankar, head of business and marketing at Fullerton India Credit Co. Ltd, to head the rural banking business and drive all financial inclusion initiatives at its new bank, IDFC Bank. Shankar will be head of Bharat Banking at IDFC Bank, the infrastructure financier announced on Friday. He assumes the role with immediate effect. IDFC received in-principle approval from the Reserve Bank of India in April to float a bank. According to the banking regulator, it is mandatory for new banks to open at least 25% of their branches in rural centres. IDFC has been building the leadership team for its banking business, and IDFC Bank is expected to start operations by October 2015.
IDFC Ltd has appointed Ravi Shankar, head of business and marketing at Fullerton India Credit Co. Ltd, to head the rural banking business and drive all financial inclusion initiatives at its new bank, IDFC Bank. Shankar will be head of Bharat Banking at IDFC Bank, the infrastructure financier announced on Friday. He assumes the role with immediate effect. IDFC received in-principle approval from the Reserve Bank of India in April to float a bank. According to the banking regulator, it is mandatory for new banks to open at least 25% of their branches in rural centres. IDFC has been building the leadership team for its banking business, and IDFC Bank is expected to start operations by October 2015.
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