The newest distribution channel for banks “The Internet” is said to be the future of banking. It offers a the quality of a totally new service, which more and more people actually expect. It also offers the possibility of creating so called virtual banks- banks that do not have traditional departments, for which the only place of business is the virtual space.
The main advantages of banking are:
About IDFC Bank
IDFC Bank Ltd.(Industrial Development Finance Company) is an Indian banking company with the central office in Mumbai that forms part of IDFC. The bank started operations on 1 October 2015. The bank serves corporate and private clients in India including the infrastructure sector that IDFC highly specialized in from its founding in 1997. The bank also aims to give services to people in rural areas and to the self-employed.