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IDFC Bank re-named IDFC First Bank

Press Trust of India  |  New Delhi 

said its name has been changed to IDFC Ltd with effect from Saturday.

"...the name of the Bank has been changed from Ltd to 'IDFC Limited' with effect from January 12, 2019 by virtue of 'Certificate of Incorporation pursuant to change of name' issued by the of Companies, Chennai," it said in a BSE filing.

and company Capital First had announced completion of their merger on December 18, creating a combined loan asset book of Rs 1.03 lakh crore for the merged entity.

Following the merger, the board of IDFC Bank had approved the appointment of V Vaidyanathan, founder and of Capital First Ltd, as of the merged entity.

The combined entity will serve 7.2 million customers through 203 bank branches, 129 ATMs and 454 rural business centres.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, January 12 2019. 18:45 IST