IDFC Bank announces merger with Capital First

Mumbai, Jan 13: IDFC Bank on Saturday announced its coalition  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 stated the board has appointed Bipin Gemani as the interim Chief Financial Officer and key Managerial Personnel of the lender with effect from January 13.

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