IDFC, the infrastructure finance company has declared that it has no intentions to foray into the banking segment. The company made the statement after the discussion paper on new banking license has been floated by the Government.

"IDFC (Infrastructure Development Finance Company) is not interested in applying for a banking licence," its managing director Rajiv Lall said.

IDFC seems to be happy with its current status as an infrastructure finance NBFC. It has helped the company over years. Lall said that the company will only participate in the discussion initiated by RBI.

After the discussion paper was released, SREI infrastructure finance has highlighted its intentions to enter into banking segment.