Capital First merges with IDFC Bank to create IDFC First Bank
IDFC Bank and Non-Banking Financial Company (NBFC) Capital First have announced completion of their merger to create IDFC First Bank. Capital First Founder and Chairman V Vaidyanathan has been appointed Managing Director (MD) and Chief Executive Officer (CEO) of the merged entity. IDFC Bank Founder, MD and CEO Rajiv Lall will serve as Part-Time Chairman of IDFC First Bank.n