She added that given the backgrounds of the two companies -- Bandhan is from the micro finance sector and IDFC specialises in lending to infrastructure -- it would be very interesting to see how they morph into universal banks. "The two names they have chosen come from diverse backgrounds and it would be interesting to see the strategies they adopt within the universal bank licence," Kumar said. Deloitte senior director Monish Shah said both are deserving candidates, and mentioned Bandhan's technology-led social inclusive model as very relevant for the economy. "Granting banking licences to Bandhan is most appropriate from financial inclusion point. IDFC is a player with deep roots, higher credibility and good credit rating," India Rating senior director and head of financial institutions, Ananda Bhoumik said.