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In February 2022, Vaidyanathan gifted shares worth ₹ 4 crore (US$470,000) to five of IDFC First's employees, including help and a driver. In May 2021, he gave away 4.3 lakh shares, worth over ₹ 2.4 crore (US$280,000) to three persons from IDFC First Bank to help them buy a house. [35]
In January 2018, IDFC Bank and MSME financing company Capital First announced a merger. [14] Capital First was founded as Future Capital Holdings under the Future Group, and was acquired by Warburg Pincus and V. Vaidyanathan in 2012.
On 13 January 2018, IDFC Bank and Capital First announced a merger in a joint press release. IDFC Bank issued 139 shares for every 10 shares of Capital First, with Vaidyanathan taking over as the MD and CEO of the combined bank. The merger completed in December 2018. [21] [22]
IDFC First Bank; Infrastructure Development Finance Company; L. Rajiv Lall; V. V. Vaidyanathan This page was last edited on 3 March 2021, at 08:24 (UTC). ...
V. Vaidyanathan, the managing director and CEO of IDFC First Bank called it "a natural progression of the previous Budgets in terms of direction, consistency, and the overarching growth objective." [8]
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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]
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