Page 11 - Idfc First Bank

ICRA downgrades long-term rating for IDFC First Bank from AA+ to AA

The rating action also factors in an increase in credit provisions on account of unanticipated fresh stressed exposures identified by the bank in Q4FY19, ICRA said

IDFC First Bank targets 5.5% NIM in 5-6 years on higher yield on loans

The retail loan portfolio, including SME credit, was over Rs 36,000 crore at end of Dec

With merger complete, IDFC First Bank commences business on Wednesday

V Vaidyanathan will be the managing director and chief executive officer of the merged entity

Capital First-IDFC merger creates IDFC First Bank; V Vaidyanathan to be CEO

New generation private sector IDFC Bank and non-banking financial company Capital First announced completion of their merger Tuesday, creating a combined loan asset book of Rs 1.03 lakh crore for the merged entity IDFC First Bank. "IDFC Bank and Capital First merged effective 18th December 2018. Merged entity to be called IDFC First Bank, subject to shareholders' approval," the firms said in a joint statement. Following the merger, the board of IDFC Bank approved the appointment of V Vaidyanathan, founder and chairman of Capital First Ltd, as Managing Director and Chief Executive Officer of the merged entity, said the statement. His appointment awaits shareholders' approval. Earlier in the day, the boards of IDFC Bank and Capital First met to take note of all requisite approvals and the order from National Company Law Tribunal; and approved the scheme of amalgamation, the statement said. The board of IDFC Bank also approved appointment of Rajiv Lall, Founder MD & CEO of IDFC Bank,

Betting on Value Banking: Vaidyanathan looks to start new entity by January

Vaidyanathan shares strategy for IDFC First and the takeaways from his career that he's implementing now