Mumbai, 27th September 2024: IDFC FIRST Bank, in its Board meeting held today announced the completion of merger of IDFC Limited with IDFC FIRST Bank, following the receipt of all requisite shareholder and regulatory approvals, effective from October 01, 2024.
IDFC FIRST Bank announces completion of IDFC Ltd merger
Sep 28, 2024 · IDFC First Bank completed its merger with IDFC Limited, effective October 1, 2024, following necessary approvals. Shareholders will receive 155 bank shares for every 100 IDFC shares. The...
India’s IDFC First Bank says merger will boost credit growth
Jul 11, 2023 · Key Points. India’s IDFC First Bank expects to see robust credit growth following its recent merger, according to managing director and CEO V. Vaidyanathan. Last week, IDFC First Bank...
India's IDFC to merge with IDFC First Bank in latest consolidation
July 3 (Reuters) - IDFC First Bank (IDFB.NS) said on Monday its board had given the green light for a merger with IDFC Ltd (IDFC.NS), just days after the landmark $40 billion merger between...
Latest Press Release - IDFC FIRST Bank
Sep 26, 2024 · IDFC FIRST Bank & Banyan Academy of Leadership in Mental Health launch The Centre for Trauma Studies and Innovation. IDFC FIRST Bank announces 350 MBA Scholarships for 2021-2023 batch. IDFC FIRST Bank signs up with …
IDFC First Bank to merge with IDFC in 155:100 share exchange …
Jul 3, 2023 · As IDFC looks to conclude the last phase of its corporate restructuring, the merger with IDFC First Bank will help create a financial services powerhouse enabling seamless delivery of...
In The News - News and Media - IDFC FIRST Bank
Browse through the latest news and media coverage of IDFC FIRST Bank, a leading private sector bank that offers personal banking, business banking, NRI banking, and rural banking services.
IDFC to merge with IDFC FIRST Bank, effective October 1
Sep 27, 2024 · The majority shareholders of IDFC First Bank approved the amalgamation of IDFC with the bank at a meeting convened by the Chennai bench of the National Company Law Tribunal on May 17, 2024.
IDFC First Bank Gets RBI Nod For Merger Of IDFC, IDFC Financial …
Dec 18, 2023 · IDFC First Bank Ltd. has received the go-ahead from the Reserve Bank of India for its proposed merger of IDFC Ltd. and IDFC Financial Holding Co. with itself.
IDFC First Bank drops after Q2 PAT slumps 97% YoY to Rs 21 cr
Oct 28, 2024 · IDFC First Bank declined 4.78% to Rs 62.40 after the bank's standalone net profit declined 97.33% to Rs 20.06 crore despite 21.61% jump in total income to Rs 10,684.23 crore in Q2 FY25 over Q2 FY24. Net profit declined due to prudent provisions of Rs 568 crore including Rs 315 crore in MFI business ...
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