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The IDFC Bank will be renamed as IDFC First Bank

IDFC Bank proposed to change its name to IDFC ‘First Bank Ltd’ as it is in the process of merging Capital First, a non-bank financial corporation, with itself. The board of directors of IDFC Bank at its meeting on Wednesday decided to seek approval from the Reserve Bank of India to rename the bank into ‘IDFC First Bank Limited’ announced the new private sector lender in a regulatory register. The name change would also require the approval, if any, of statutory/regulatory authorities, including the Registrar of Companies, Shareholders and other stakeholders.