IDFC Bank announces merger with Capital First

Mumbai, Jan 13: IDFC Bank on Saturday announced its merger with non-banking financial company Capital First.

"The Board of Directors of IDFC Bank Ltd... have considered and approved a composite scheme of amalgamation of Capital First Ltd, Capital First Home Finance Ltd and Capital First Securities Ltd..." IDFC Bank informed the BSE in a regulatory filing.

The regulatory filing said the board has appointed Bipin Gemani as the interim Chief Financial Officer and key Managerial Personnel of the bank with effect from January 13.

Share This Post