IDFC Bank drops on merger talks with Capital First

Shares of IDFC Bank were trading lower in morning trade on Wednesday after reports that the lender, which scrapped a deal to merge with Shriram City Union, is exploring a similar deal with the Mumbai-based Capital First.  Capital First has more than 5 million customers in retail and small and medium enterprises.  IDFC Bank closed Wednesday's session 0.88 per cent […]

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Kotak family plans office for asset investment

The family of Uday Kotak, billionaire MD of Kotak Mahindra Bank, is setting up an office to invest in assets including private equity, stocks, and real estate worldwide. "The funds will be deployed in asset classes other than debt and cryptocurrencies," Venkat Subramanian, who will be managing the family office, said in an interview in Mumbai last week. "We will […]

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