Reserve Bank of India has given its nod for the reverse merger of IDFC Ltd with its banking subsidiary IDFC First Bank. The boards of IDFC First Bank and IDFC have approved the reverse merger in July.
IDFC First Bank announced merger of its parent IDFC Ltd with itself in an all-stock transaction. The boards of IDFC First Bank and IDFC have approved the reverse merger. This is the second major ...
The boards of IDFC Financial Holding Co Ltd, IDFC Ltd, and IDFC First Bank had approved the merger in July 2023. Under the proposed reverse merger scheme, IDFC shareholders will get 155 shares ...
India-based IDFC FIRST Bank posted its highest ever profit in Q1 2022 of Rs3.43bn ($45.7m) and is perhaps emerging as one of the most dramatic turnaround success stories in Indian banking. Formed by ...
IDFC First Bank has underperformed NIFTY 500 over five years despite 14x retail deposit growth, a 47% CASA ratio, and shrinking infrastructure finance. Profitability challenges hold back its true ...
According to stock market experts, IDFC First Bank reported robust financial growth in its business updates for the third quarter ending December 31, 2024. IDFC First Bank reported YoY growth of ...