IDFC Bank re-named as IDFC First Bank

'The name of the Bank has been changed from IDFC Bank Ltd to 'IDFC First Bank Limited' with effect from January 12, 2019,'  it said in a BSE filing.

Published: 12th January 2019 07:14 PM  |   Last Updated: 12th January 2019 07:14 PM   |  A+A-

By PTI

NEW DELHI: Private sector lender IDFC Bank said its name has been changed to IDFC First Bank Ltd with effect from Saturday.

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

IDFC Bank and non-banking financial company Capital First had announced the 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 chairman of Capital First Ltd, as managing director and chief executive officer of the merged entity.

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

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)
TAGS
IDFC bank

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp