InvestorQ : What will be the affect of IDFC Bank and Capital First Merger in banking sector?
sara Kunju made post

What will be the affect of IDFC Bank and Capital First Merger in banking sector?

Answer
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Rishita Das answered.
1 year ago


IDFC Bank and Capital First will now become IDFC First Bank. With the merger of this two entities banking sector is definitely going to strengthen lending and other banking benefits to a large scale of the population as it will serve 7.2 million customers through its 203 bank branches, 129 ATMs, 454 rural business correspondent centres across the country’s urban and rural geographies. With the combined effort the synergy created will give a robust.

Stock of IDFC Bank closed 4.71 percent higher at Rs 41.10 on BSE, Capital First closed 5.13 percent up at Rs 567.80.