IDFC First Bank to merge with IDFC

Housing Development Finance

03/07/2023 17:09

July 3 (Reuters) - IDFC First Bank  IDFB.NS  said on
Monday its board had approved its merger with IDFC Ltd
 IDFC.NS , subject to regulatory approvals.
    This comes days after Housing Development Finance Corp
 HDFC.NS  merged with HDFC Bank  HDBK.NS  in a $40 billion deal,
the largest in India's corporate history.

 (Reporting by Akriti Sharma in Bengaluru; Editing by Shailesh
Kuber)
 ((Akriti.Sharma@thomsonreuters.com;))