IDFC Bank proposed to change its name to ‘IDFC First Bank Ltd’ in the wake of its amalgamation with the non-banking financial company Capital First. The decision was taken during the meeting of the Board of Directors of IDFC Bank.
The proposal now needs the approval of the Reserve Bank of India (RBI). It would further require the approvals of statutory or regulatory authorities including the Registrar of Companies, Shareholders and other Stakeholders.
Source- The Indian Business Line
Static/Current Takeaways Important For IBPS PO Mains Exam 2018:
- IDFC Bank Headquarters in Mumbai.