Merger of IDFC Bank and Capital First

The merger of Capital First with IDFC Bank is on the cards. The approval by the shareholders is slated for next month.

  • The Shareholders voting is pending
  • September 3 would be the date on which IDFC Bank shareholders will vote followed by Capital First Shareholders later in the month.
  • The merged entity will have Mr. Vaidyanathan as the new Managing Director and CEO. He would succeed Rajiv Lall.
  • Though lending to the Corporates would be on the cards, the main focus of lending would be to the small entrepreneurs, a statement released states.
  • The merged entity expects to contribute more for the Indian Economy in the days to come.

 

Author: Admin Bankedge

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