Majority shareholders of IDFC First Bank approves amalgamation of IDFC Ltd with lender

On December 27, IDFC Ltd said the Reserve Bank of India (RBI) has given no objection certificate (NOC) for the amalgamation of IDFC Limited, IDFC FHCL, and IDFC First Bank. The boards of IDFC Financial Holding Co Ltd, IDFC Ltd, and IDFC First Bank had approved the merger in July 2023.
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