IDFC Bank re-named IDFC First Bank
PrintListen to this Article
0:00
0:00
Private sector lender IDFC Bank said its name has been changed to IDFC First Bank Ltd with effect from Saturday. “...the name of the Bank has been changed from IDFC Bank Ltd to ‘IDFC First Bank Limited’ with effect from January 12, 2019 by virtue of ‘Certificate of Incorporation pursuant to change of name’ issued by the Registrar of Companies, Chennai,” it said in a BSE filing.
IDFC Bank and non-banking financial company Capital First had announced completion of their merger on December 18, creating a combined loan asset book of Rs 1.03 lakh crore for the merged entity.
Following the merger, the board of IDFC Bank had approved the appointment of V Vaidyanathan, founder and chairman of Capital First Ltd, as managing director and chief executive officer of the merged entity. The combined entity will serve 7.2 million customers through 203 bank branches, 129 ATMs and 454 rural business correspondent centres. #casansaar (Source - LiveMint)
IDFC Bank and non-banking financial company Capital First had announced completion of their merger on December 18, creating a combined loan asset book of Rs 1.03 lakh crore for the merged entity.
Following the merger, the board of IDFC Bank had approved the appointment of V Vaidyanathan, founder and chairman of Capital First Ltd, as managing director and chief executive officer of the merged entity. The combined entity will serve 7.2 million customers through 203 bank branches, 129 ATMs and 454 rural business correspondent centres. #casansaar (Source - LiveMint)
Category : Banking | Comments : 0 | Hits : 417
The Financial Intelligence Unit-India (FIU-IND), in furtherance of the powers conferred upon the Director FIU-IND under Section 13(2)(d) of the Prevention of Money Laundering Act (PMLA), 2002, has imp...
The government on Monday informed the Lok Sabha that all Scheduled Commercial Banks have written off nearly Rs 10.6 lakh crore in the last 5 years, out of which nearly 50 per cent belong to large indu...
The government has cleared the extension of tenure of managing directors of two public sector lenders -- Bank of Maharashtra (BoM) and Central Bank of India. According to sources, Appointments Co...
Comments