RBI nod for IDFC Bank-Capital First merger

MUMBAI: The Reserve Bank of India (RBI) has, via its letter dated June 4, 2018, has given its ‘No Objection’ for the voluntary amalgamation of Capital First Ltd, Capital First Home Finance Ltd and Capital First Securities Ltd with IDFC Bank Ltd.

“The Scheme remains subject to receipt of approval from the respective shareholders and creditors of the amalgamated company and the amalgamating companies, National

Company Law Tribunal (NCLT), and other statutory and regulatory approvals, if any”, the IDFC Bank said in a letter to the stock exchanges.

 

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