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On 13 January 2018, IDFC Bank and Capital First announced a merger. IDFC Bank issued 139 shares for every 10 shares of Capital First, and Vaidyanathan took over as the MD and CEO of the combined bank. [21] [22] Effectively Vaidyanathan successfully secured a banking license for Capital First through the merger and assumed control of the bank's ...
IDFC First Bank (stylised as IDFC FIRST Bank) is an Indian private sector bank based in Mumbai. Founded in 2015 as a banking subsidiary of IDFC Limited , it shifted focus from infrastructure financing to retail banking in the years after its 2018 merger with Capital First . [ 6 ]
Capital First Ltd. was an Indian non-bank financial institution providing debt financing to small entrepreneurs, MSMEs and consumers. In December 2018, it was merged into IDFC Bank to form IDFC First Bank. The company was listed on the NSE and BSE prior to the merger. [6] [7] [8]
In 2008–09, the company acquired 100% of the share capital of IDFC Capital (Singapore) Pvt Ltd. In the same year, the company established IDFC Foundation to focus on capacity building, policy advisory and sustainability initiatives. [9] IDFC Bank started operating banking services on 1 October 2015. [10]
[8] [9] He is also the owner of Devraj Infrastructure Pvt. Ltd. [10] [11] As a chairman of ADC Bank, he sponsored the chess training programs in the schools of Gujarat. [ 12 ] As a president of Gujarat State Chess Association, he launched Sardar Patel Chess College, [ 13 ] first ever chess college in India, which is affiliated under Swarnim ...
How Democrats Are Faring In First Tests Of The Trump Backlash An analysis of the special elections held since November offers some clues about the party's changing fortunes. By Alissa Scheller and Daniel Marans. PUBLISHED: Monday, April 10, 2017 9:30 AM EST. UPDATED: Wednesday, May 31, 2017 6:00 PM EST
IIFL was founded on 18 October 1995, by Nirmal Jain, a 1986 graduate from University of Mumbai and an alumnus of Indian Institute of Management, Ahmedabad. Jain is among the few successful entrepreneurs post the economic liberalisation era in India ushered by PV Narasimha Rao. [11] Jain was previously employed with Hindustan Unilever Limited ...
Hotel operator Marriott told investors in this month that it will cut its annual pre-tax and administrative costs by $80 million to $90 million, and later said it would lay off more than 800 ...