New Delhi, Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lender. The National Company Law Tribunal (NCLT) convened a meeting on May 17 through video conferencing and other audio-visual means to consider and approve the composite scheme of amalgamation for IDFC First … Read more
V Vaidyanathan, Director & CEO, IDFC First Bank, says “we are very profitable now and have posted PAT of Rs 2,400 crore last year and you know the trajectory. Let me just say that all the items are behind us. Now even the corporate streamlining is behind. I really think that in the next three … Read more
“The expiry week is likely to be volatile and the Monday trend will give a clear confirmation of where the market is likely to move. The range is 17500-17800 and a break on either side will have a decisive move,” says Kunal Shah, Senior Technical & Derivative analyst at LKP Securities. In an interview with … Read more
Indian markets opened higher on Tuesday despite mixed global cues. The S&P BSE Sensex rose more than 300 points while the Nifty50 reclaimed 17700 levels. Sectorally, buying was seen in utilities, power, realty, and energy stocks. Nifty50 reclaimed 17600 levels on Monday which is a positive sign, but it may face some resistance close to … Read more
Mumbai: Four years after it was first suggested, the proposal of a reverse merger between IDFC First Bank and IDFC Ltd has been revived, two top industry sources told ET. This will involve the holding company being absorbed by the bank, which will seek regulatory approval for such a move on the grounds that it … Read more