Business Standard

Thursday, December 19, 2024 | 11:13 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

With merger complete, IDFC First Bank commences business on Wednesday

V Vaidyanathan will be the managing director and chief executive officer of the merged entity

bank merger
Premium

Illustration: Ajay Mohanty

Abhijit Lele Mumbai
The merger of Capital First, a finance company, with private sector lender IDFC Bank is now complete, following requisite shareholder and regulatory approvals. 
The merged entity, to be called IDFC First Bank and headquartered in Mumbai, will commence business from Wednesday. V Vaidyanathan will be the managing director and chief executive officer of the merged entity. Rajiv Lall is part-time non-executive chairman, subject to Reserve Bank of India approval.
 
The reconstituted board of the merged entity has been expanded, with five new directors. One, Vishal Mahadevia,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in