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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. [15] [16] As per a September 2017 stock filing, Capital First had a retail loan portfolio of ₹ 229.7 billion.
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 management.
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 ...
Capital First Ltd. I. IDFC First Bank; Infrastructure Development Finance Company; L. Rajiv Lall; V. V. Vaidyanathan This page was last edited on 3 March 2021, at ...
Shareholders of both IberiaBank Corp. (IBKC) and First Horizon National Corp. (FHN) on Friday approved the all-stock merger of equals between the two banks.Under the terms of the merger agreement ...
First Bank System, Inc. Colorado National Bank First Bank System, Inc. (CNB remained unchanged until after merger with U.S. Bancorp) U.S. Bancorp: 1993 Banc One Corp. Valley National Bank of Arizona: Banc One Corp. JPMorgan Chase: 1993 Bank of Boston Corp. South Shore Bank, Mechanics Bank, First Agricultural Bank of Boston Corp. Bank of America ...
Capital One’s $35.3 billion deal to buy Discover is a long way from being completed. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...