IFC open to partner Religare in proposed banking foray
He added that Religare and IFC will work in diverse spectrum of business including health insurance, SME financing, and collaborate actively in upcoming plans in rural banking, housing finance and so on for low income households. IFC is also nominating a member on the board of REL, whose various subsidiaries are present in businesses like life and health insurance, brokerage, asset management, investment banking, SME finance.
The group is already present in all segments of financial services except banking and general insurance, Nath said.
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