The share exchange ratio for the consolidation has been set at 155 value portions of IDFC First Bank for each 100 value portions of IDFC Restricted.
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The IDFC Bank was created by demerger of the infrastructure lending business of IDFC to IDFC Bank in 2015.
As a token of gratitude to his former school teacher, IDFC First Bank MD and CEO V Vaidyanathan has transferred one lakh equity shares worth around Rs 30 lakh without any consideration to Gurdial Saroop Saini.
IDFC Ltd on Thursday announced that it has divested entire stake in its step-down subsidiary IDFC Securities Ltd for Rs 86 crore.
IDFC First Bank has launched video KYC facility so that customers can open savings accounts without the need to visit a branch office.
IDFC First Bank on Sunday said it will make an equity investment of Rs 250 crore in beleaguered Yes Bank to acquire 25 crore equity shares.
It was alleged that a group of financiers provided finance to key operators towards making multiple applications in the IPOs and cornered a large number of shares reserved for retail individual investors (RIIs) and following the receipt of IPO allotment, the shares were transferred by the allottees to the key operators through an off-market transaction
Around a week after the RBI restricted Punjab and Maharashtra Cooperative Bank (PMC Bank) from doing 'all business operation' for six months, HDFC Bank, Kotak Mahindra Bank, Yes Bank and IDFC customers complained about online banking transactions failed and money transfer couldn’t happen.
"The change of name would further require approvals of statutory/ regulatory authorities including the Registrar of Companies, Shareholders and other Stakeholders, as may be required," a statement added.
Two groups had already announced that the boards of Shriram Group and IDFC entered into an exclusivity arrangement for 90 days to jointly explore the possibility of merger.
Private sector lender IDFC Bank on Tuesday announced that it will acquire Tamil Nadu-based microfinance institution (MFI) Grama Vidiyal for an undisclosed amount in a move aimed at helping it widen its reach.
Kolkata: The State Bank of India (SBI) today welcomed competition in the banking sector but apprehended that IDFC's entry into banking may impact the infrastructure sector.“We welcome RBI's decision on banking licence. Only thing is
New Delhi: Ending days of suspense, the Reserve Bank today granted banking licences to infrastructure financing firm IDFC and microfinance institution Bandhan from among 25 applicants that included corporate heavyweights ADAG Group, Aditya Birla Group
New Delhi: IDFC scrip plunged nearly 9 per cent today after the company said that the ceiling limit of its overall foreign shareholding has been reduced to 54 per cent, from 74 per cent earlier.IDFC
New Delhi, Aug 8: Six months after the National Highways Authority of India (NHAI) announced that IDFC Ltd would buy out a 74% stake in the Delhi-Gurgaon expressway from the concessionaire DSC, the deal has
New Delhi, July 29: IDFC Limited on Monday said its consolidated net profit rose by 46.9 per cent to Rs 560.73 crore in the first quarter ended June 30, 2013.The financial services company had reported
Mumbai, June 15: Shares of Religare Enterprises and IDFC today rose by as much as 4.5 per cent triggered by smart investor buying amid bank licence plans by both the companies.Shares of Religare Enterprises surged
New Delhi, May 2: Infrastructure financier IDFC on Wednesday announced that its current Managing Director and Chief Executive Rajiv Lall will replace veteran banker Deepak Parekh as the new chairman of the company."Parekh has relinquished
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