IDFC Bank renamed IDFC First Bank post merger with Capital First

Private sector lender IDFC Bank has said its name has been changed to IDFC First Bank following the completion of its merger with non-banking financial company Capital First. The merged entity has a combined loan asset book of ₹1.03 lakh crore. Capital First Founder and Chairman V Vaidyanathan has been appointed the Managing Director and CEO of the merged entity.