 "IDFC Bank to merge with Capital First, Vaidyanathan to succeed Lall")
Capital First’s Net profit increased on an annual basis by 42 per cent to Rs 870 million for the quarter ended-December 2017, as against Rs 613.5 million in the same period of the year 2016. Net Profits rose by 11 per cent on a sequential basis from Rs 782.7 million at the end September 2017.
The debt financing non-banking finance company had announced a merger deal with IDFC Bank on January 13, through which Capital First Limited along with its Home Finance and Securities companies would be amalgamated with IDFC Bank.
V Vaidyanathan, founder and chairman of Capital First told the Business
