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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 ]
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]
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]
PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. [5] [6] It was founded in December 2015, [7] [2] by Sameer Nigam, Rahul Chari and Burzin Engineer. [8]
This is the second time in a decade that the two companies considered a merger but failed to complete it, the Minneapolis Star Tribune reported. Merger talks end between large health care systems ...
With the merger completed in 2015, Kotak Mahindra Bank had almost 40,000 employees, and the number of branches reached 1,261. [21] After the merger, ING Group, which controlled ING Vysya Bank, obtained a 6.5% stake in Kotak Mahindra Bank. [22]
JetBlue, Spirit end $3.8B merger after court ruling blocked potential deal. Michelle Chapman. Updated March 5, 2024 at 9:09 AM.
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