Page 2 - Idfc First
IDFC FIRST Bank begins process for 3-way merger; stock ends flat
The merger would be subject to the shareholders, creditors, statutory and regulatory approvals of the respective entities
 "IDFC FIRST Bank begins process for 3-way merger; stock ends flat")
IDFC First Bank board favours merger with promoter entities
Earlier in July, the Reserve Bank of India allowed IDFC Ltd to exit as the promoter of IDFC First Bank as the five year lock-in period ended
 "IDFC First Bank board favours merger with promoter entities")
RBI clarifies IDFC can exit bank as a promoter as lock-in period ends
IDFC announced receiving the RBI's approval in a notification to the exchanges
 "RBI clarifies IDFC can exit bank as a promoter as lock-in period ends")
RBI allows IDFC to exit IDFC First Bank as five-year lock-in period ends
The IDFC Bank was created by demerger of the infrastructure lending business of IDFC to IDFC Bank in 2015
Diversification, deposit growth put IDFC First ahead of Bandhan Bank
Both the banks have relied on inorganic options for growth and diversification
With conglomerates reluctant, PEs may be better source of capital for banks
PEs have deep pockets with the ability to recapitalise the bank as and when needed
 "With conglomerates reluctant, PEs may be better source of capital for banks")
After the moratorium: Banks have to face their bad loan problem, again
Indian banks will have a hard task when RBI's moratorium ends this month. Those that do not get capital will have to show their true health, writes Tamal Bandyopadhyay
Foreign portfolio investors to pick up $300-million stake in YES Bank
The FPIs are in advanced talks with an Indian bank to act as a custodian.
 "Foreign portfolio investors to pick up $300-million stake in YES Bank")
As banker it is my first job to be safe: IDFC First Bank CEO V Vaidyanathan
From now on, the system should open up systematically as people's financial cushions could vanish soon, he says
 "As banker it is my first job to be safe: IDFC First Bank CEO V Vaidyanathan")
I am building a bank for the long run: IDFC First Bank CEO V Vaidyanathan
IDFC First Bank CEO talks about the journey so far and the road ahead for the bank
IDFC First Bank progressing on its promises after performance lull
Reasonable improvement in deposit accretion and sharp increase in profitability are the key achievements in Sept quarter
 "IDFC First Bank progressing on its promises after performance lull")
IDFC First Bank reports Q2 loss of Rs 680 cr on one-time tax impact
The profit before tax came at Rs 100 crore, as against a loss of Rs 583 crore in the year-ago period
IDFC First to hinge on branch expansion, 'retailization' and integration
Newly formed bank has to compete in a tough market, push past legacy issues
 "IDFC First to hinge on branch expansion, 'retailization' and integration")
