IDFC Bank, Capital First may announce merger today

IDFC Bank and nonbanking financial company (NBFC) Capital First are likely to announce a merger on Saturday, creating a larger institution with about Rs 1.4 lakh crore of assets and nearly 64 lakh customers. The union could also act as a springboard for IDFC Bank looking to quickly grow its assets, said two people familiar with the matter.  "The boards are meeting tomorrow and something […]

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IDFC Bank announces merger with Capital First

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 […]

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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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