IDFC First Bank will change after the merger know what impact on customers and shareholders will be banking sector

The Board of Directors of IDFC First Bank has approved the merger of IDFC Limited and IDFC Financial Holdings. Therefore, a discussion has started as to what effect this will have on the bank's customers and shareholders. How will interest and shareholding patterns change?

IDFC First Bank aims to complete the merger in 2023. However, for this, apart from RBI, it will have to get approval from major regulators like SEBI, Competition Commission of India.

आयडीएफसी फर्स्ट बँकेकडून असं स्पष्ट करण्यात आलंय आहे की आयडीएफसी लिमिटेडच्या भागधारकांना प्रत्येक १०० शेअर्समागे आयडीएफसी फर्स्ट बँकेचे १५५ शेअर्स मिळतील. या शेअर्सची फेस व्हॅल्यू १० रुपये असेल.

IDFC Limited owns 40 percent stake in IDFC First Bank. After the merger, the shareholders of IDFC Limited will directly become the shareholders of IDFC First Bank.

Meanwhile, it is beneficial for the bank as well, due to IDFC Limited's stake in the bank, its shareholders own the bank's shares at a ratio of 1.66, which after the merger will come to a ratio of 1.55.

After the merger, the business of all these companies and the bank will be streamlined, which will reduce the burden of regulatory compliance. As a result, shareholders will get better returns. At the same time, IDFC First Bank acted as a large private bank like HDFC Bank or ICICI Bank

IDFC First Bank MD & CEO V. According to Vaidyanathan, the capital base of the bank will increase after this merger. The book value of the bank will increase by 5 percent per share. Along with this, IDFC Limited's cash of Rs 600 crore was also deposited in the account of IDFC First Bank

At the same time, this will help the bank to serve more areas, increase customer base and branches. The net profit of the bank is now around Rs.2400 crores. Along with this, as the capital base increases, the bank's risk-taking capacity will increase. Because of this, bank customers