IDFC FIRST Bank Merger Performance and Strategy Update
IDFC FIRST Bank was created by merger of IDFC Bank and Capital First
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IDFC FIRST Bank was created by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.
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Erstwhile IDFC Bank started its operation as a Bank after demerger from IDFC Ltd, a premier, successful infrastructure Financing
Domestic Financial Institution since 1997. The loan assets and borrowings of IDFC limited were transferred to IDFC Bank at
inception of IDFC Bank.
Erstwhile Capital First was a successful consumer and MSME financing entity since 2012 with strong track record of growth,
profits and asset quality.
On merger, the Bank was renamed IDFC FIRST Bank.
IDFC
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IDFC BANK
CAPITAL
FIRST
IDFC FIRST
Bank
On merger, 13.9 shares of IDFC Bank were issued for every share of Capital First as part of the merger scheme in
December 2018
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IDFC FIRST
BankView entire presentation