IFCI
has received an approval to submit an application to Reserve Bank of
India (RBI) for obtaining the Banking License, based on the Reserve Bank
of India Guidelines for Licensing of New Banks in the Private Sector
dated February 22, 2013 and the associated clarifications issued by RBI
in this regard. The board of directors of the company at its meeting
held on June 27, 2013 has approved for the same. - See more at:
http://www.epicresearch.co/blog/index.php/page/2/#sthash.qt8zEpnn.dpuf
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