This is an astonishing news that IDFC is contemplating to function as a back office for other banks
This is what happens when one gets banking licence easily.Othe groups were dying to get a license bur did not get one.
RBI should tell IDFC that this is not acceptable. they have given a licence for banking business not a call centre.
Thie will send a wrong signal to others. DFC should learn from Bandhan Bank. they may have little finance but are still getting into core banking business and is not afraid of other players in the market.
This defensive tendency shown by IDFC shows it has accepted defeat even before it could start.