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RBI allows IDFC to exit IDFC First Bank
TIWN
RBI allows IDFC to exit IDFC First Bank
PHOTO : TIWN

Mumbai, July 21 (TIWN) The Reserve Bank of India had allowed IDFC to exit the IDFC First Bank.

The Reserve Bank of India has allowed IDFC Limited to exit as the promoter of IDFC First Bank Limited after the 5 year lock-in period, the bank said in a statement to exchanges on Wednesday. This could pave the way for a potential reverse merger between IDFC Limited and IDFC First Bank Limited.

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