Infrastructure Development Finance Company commonly known as IDFC is an Indian finance company. It provides financial and advisory services for infrastructure projects, asset management and investment banking. The Reserve Bank of India (RBI) in April 2014, gave an approval to two entities among 25 banking aspirants. IDFC, the non-banking finance company was one of the companies to get the approval. The firm received its banking licence on 23 July 2015 from the RBI. The company with its venture, IDFC Bank has now entered the banking industry.