Current Affairs - Banking - Discussion

Capital First announced that regulator National Housing Bank (NHB) has approved its merger with IDFC Bank. IDFC Bank - Capital First Merger was announced in January 2018. As per the terms of the merger deal, IDFC Bank will issue 139 shares for every 10 shares of Capital First. Capital Home Finance and Capital First Securities Limited, the subsidiaries of Capital First are also a part of the merger deal. Post merger, IDFC Bank-Capital First combined entity will have Asset Under Management (AUM) of Rs 88000 crore.