IDFC Bank and Capital First have completed the merger following the receipt of all requisite shareholder and regulatory approvals. The merged entity will be called ‘IDFC First Bank’, subject to shareholders’ approval.
IDFC First Bank will now offer a wider array of retail and wholesale banking products, services and digital innovations, to a greater number of customer segments. It will serve 7.2 million customers through its 203 bank branches, 129 ATMs, 454 rural business correspondent centers across the country’s urban and rural geographies.
IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, internet and mobile.
