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The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems.
In February 2003, Kotak Mahindra Finance received a banking licence from the Reserve Bank of India, becoming India's first non-banking finance company to be converted into a bank. Kotak Mahindra Finance was then renamed Kotak Mahindra Bank. [15] At the time, Uday Kotak had a 56% stake in the company while Anand Mahindra held a 5% stake. [16]
Uday Suresh Kotak (born 15 March 1959) is an Indian billionaire banker and founder of Kotak Mahindra Bank, where he is a non-executive director. [2] He resigned from his CEO position in September 2023. [ 3 ]
Ludhiana Junction railway station (station code: LDH) is a railway station located in Ludhiana district in the Indian state of Punjab and serves Ludhiana. It is located in about the centre of the city and is among the busiest railway stations of Punjab. It is also among the cleanest of railway stations of India.
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The metro in Ludhiana will be of total 29 kilometers, of which 22 km will be elevated and 7 km will be underground. The two proposed corridors are: Corridor I: Ayali Chowk – BBMB Power House This line will run from East to West following a distance of 15.798 km and will have 14 stations – 10 elevated and 4 underground. [10] The stations are :
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The railway line runs between Ludhiana in Punjab and Dankuni (near Kolkata) in West Bengal via Meerut and Kanpur in Uttar Pradesh. [2] This railway line is one of the multiple freight corridors being constructed by the Dedicated Freight Corridor Corporation of India (DFCCIL), a public-sector unit (PSU) under the Ministry of Railways .