News digest: IDFC Bank-Capital First merger, SC crisis, World Bank and more

From IDFC Bank and Capital First merger to rising corporate bond yields, BS brings you up to date with the latest news

IDFC Bank to merge with Capital First, Vaidyanathan to succeed Lall

India’s newest scheduled commercial lender IDFC Bank and Warburg Pincus-backed Capital First on Saturday agreed to merge in an all-share deal. V Vaidyanathan, chairman of the non-banking finance company, would become the MD and CEO of the merged entity, succeeding Rajiv Lall. (Full report)

Managing the SC crisis: Bar Council forms team; Congress takes on Modi

The Bar Council of India has set up a seven-member team in an attempt to resolve the differences between the four dissenting Supreme Court judges and Chief Justice