 "bank merger")
The merger of Capital First, a finance company, with private sector lender IDFC Bank is now complete, following requisite shareholder and regulatory approvals.
The merged entity, to be called IDFC First Bank and headquartered in Mumbai, will commence business from Wednesday. V Vaidyanathan will be the managing director and chief executive officer of the merged entity. Rajiv Lall is part-time non-executive chairman, subject to Reserve Bank of India approval.
The reconstituted board of the merged entity has been expanded, with five new directors. One, Vishal Mahadevia,
