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IDFC can now exit as promoter of IDFC First Bank


IDFC can now exit as promoter of IDFC First Bank
IDFC said that the 5-year lock-in period has expired. Hence, it can now exit as the promoter of the bank
IDFC Limited can exit IDFC First Bank as promoter
BusinessToday.In
Updated Jul 22, 2021, 9:46 AM IST
The Reserve Bank of India has allowed IDFC Limited to exit IDFC First Bank as promoter. It comes after the 5-year lock-in period expired.
In a regulatory filing, IDFC said, “We would like to inform you that the Reserve Bank of India (“RBI”) has, vide its letter No. DOR..HOL.No.SUO‐75590/16.01.146/2021‐22 dated July 20, 2021, clarified that after the expiry of lock‐in period of 5 years, IDFC Limited can exit as the promoter of IDFC FIRST Bank Limited.” ....

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IDFC says can exit as promoter of IDFC First Bank since five-year lock-in period over

IDFC says can exit as promoter of IDFC First Bank since five-year lock-in period over
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