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Who is IDFC First Bank?
Who is IDFC Bank Limited?
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IDFC First Bank (stylised as IDFC FIRST Bank) is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First, an Indian non-bank financial institution.
History. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. Erstwhile IDFC BANK LTD. IDFC Limited was set up in 1997 to finance infrastructure, focusing primarily on project finance and mobilization of capital for private sector infrastructure development.
IDFC Limited, a premier, successful infrastructure Financing Domestic Financial Institution (DFI) since 1997, was granted “in-principle” approval by the RBI to set up a Bank in April 2014, leading to the creation of IDFC Bank Limited. The Bank started its operation in October 2015.
Infrastructure Development Finance Company Limited, more commonly known as IDFC, is a development finance institution based in India under the Department of Financial Services, Government of India. [2]
2 days ago · Appointed Date 1: September 30, 2024, for the merger of IDFC FHCL into IDFC Limited. Appointed Date 2: October 01, 2024, for the merger of IDFC Limited into IDFC FIRST Bank. The record date for ...
3 days ago · ANI. Post nod from NCLT, the board has greenlighted the amalgamation of IDFC FHCL with IDFC Limited with effect from September 30 and approved amalgamation of IDFC Limited with IDFC FIRST Bank from October 1. "Effective Date will be Tuesday, October 01, 2024, being the date on which the certified order of NCLT sanctioning the Scheme will be ...
2 days ago · IDFC First Bank on Friday announced the completion of merger of IDFC Limited with the bank. This follows the receipt of all requisite shareholder and regulatory approvals, the bank said in a statement. Click here to connect with us on WhatsApp. The merger is effective from October 1, 2024, it added.
