Multiple choice

In July 2015, IDFC was granted a banking licence from the Reserve Bank of India. What does IDFC stand for?

  1. Industrial Development Financing Company

  2. Infrastructure Development Financing Corporation

  3. Industrial Development Financing Corporation

  4. Internal Department of Finance and Compensation

  5. Infrastructure Development Financing Company

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

IDFC stands for Infrastructure Development Financing Company. It was originally established to support infrastructure projects before transitioning into a full-service bank.