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IDFC Bank announces merger with Capital First

The regulatory filing said the board has appointed Bipin Gemani as the interim Chief Financial Officer of the bank.

business Updated: Jan 13, 2018 15:03 IST
Indo Asian News Service
Indo Asian News Service
Indo Asian News Service, Mumbai
IDFC Bank,Capital First,Merger
IDFC Bank is merger with non-banking financial company Capital First.

IDFC Bank on Saturday announced its merger 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 said the board has appointed Bipin Gemani as the interim Chief Financial Officer and key Managerial Personnel of the bank with effect from January 13.

First Published: Jan 13, 2018 15:03 IST