IDC Reviews Foreign And Indian Bank Expansion Proposals

24 Nov 2025 CW Team

The Secretary of the Department of Financial Services (DFS), Ministry of Finance, M. Nagaraju, chaired a meeting of the Inter-Departmental Committee (IDC) today. The session was attended by representatives from the Ministry of Home Affairs (MHA), Ministry of External Affairs (MEA), Department of Commerce (DoC) and the Reserve Bank of India (RBI).

The IDC met to review proposals submitted by the RBI regarding the establishment of branches, representative offices and subsidiaries of foreign banks in India. In parallel, it examined proposals from Indian banks seeking approval to expand their operations overseas through similar structures.

The Committee also considered requests from foreign banks to relocate their existing branches within India. After detailed deliberation, the IDC recommended the proposals placed before it.

Functioning under the DFS, the IDC serves as the nodal body responsible for evaluating applications from both foreign and domestic banks. Its recommendations are based on consultations with member ministries — including MHA, MEA and DoC — to ensure that decisions reflect a comprehensive and consensus-driven approach.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..