IDFC Bank was founded on 21st October 2014. IDFC Ltd was its ultimate parent, which was established in 1997 by the government for financing infrastructure projects. On 23 July 2015, IDFCB got approval for a banking license. It commenced banking operations on 1st October 2015. IDFCB later merged with Capital First Ltd to form IDFC First Bank in December 2018. As of 31st Dec 2020, its promoter holding stood at 40%.
Subhasis Mishra
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