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In January 2018, IDFC Bank and MSME financing company Capital First announced a merger. [15] Capital First was founded as Future Capital Holdings under the Future Group, and was acquired by Warburg Pincus and V. Vaidyanathan in 2012. [16] [17] As per a September 2017 stock filing, Capital First had a retail loan portfolio of ₹ 229.7 billion.
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 .
[21] [22] Effectively Vaidyanathan successfully secured a banking license for Capital First through the merger and assumed control of the bank's management. [ 23 ] In September 2023, Vaidyanathan sold 5.07 crore shares of IDFC First Bank for ₹ 478.7 crore (US$55 million) to US-based GQG Partners through a block trade transaction.
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]
As of last December, Capital One is listed as the ninth largest U.S. bank, with consolidated assets of $475.6 billion, while Discover Bank is ranked at 27 with assets of $149.4 billion, according ...
IDFC First Bank and Param Value Investments [15] are the equity investors in Village Financial Services as on 31 March 2019. Param Value Investments invested in VFS in March 2018. [ 16 ] Param Value Investments is a partnership firm owned by a high net-worth individual, Mr Mukul Mahavir Agarwal, and Param Capital Research Pvt Ltd. [ 17 ] The ...
Download as PDF; Printable version; ... Pages in category "IDFC First Bank" ... out of 5 total. This list may not reflect recent changes. C. Capital First Ltd. I.
On February 19, Capital One announced it would acquire Discover in an all-stock transaction worth $35.3 billion. Both companies are among the largest credit card issuers in the country while ...