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Private sector lender IDFC Bank changed its name to _____ with effect from 12th January 2019, owing to the merger of the bank with Non-Banking Finance Company (NBFC) Capital First?
  • a)
    IDFC First Bank Ltd
  • b)
    IDFC Capital Bank Ltd
  • c)
    ID First Bank Ltd
  • d)
    Capital IDFC Bank Ltd
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Private sector lender IDFC Bank changed its name to _____ with effect ...
On January 13, 2019, private sector lender IDFC Bank changed its name to IDFC First Bank Ltd owing to the merge of the bank with Non-Banking Finance Company (NBFC) Capital First on December 2018. The change was effective from January 12, 2019 by virtue of ‘Certificate of Incorporation pursuant to change of name’ issued by the Registrar of Companies, Chennai. The board of IDFC Bank also approved the appointment of V Vaidyanathan, founder and chairman of Capital First Ltd, as managing director and chief executive officer of the merged entity.
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Private sector lender IDFC Bank changed its name to _____ with effect from 12th January 2019, owing to the merger of the bank with Non-Banking Finance Company (NBFC) Capital First?a)IDFC First Bank Ltdb)IDFC Capital Bank Ltdc)ID First Bank Ltdd)Capital IDFC Bank Ltde)None of theseCorrect answer is option 'A'. Can you explain this answer?
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