India’s IDFC First Financial institution says merger will strengthen credit rating advancement

Key Points

India’s IDFC 1st Bank expects to see robust credit advancement following its recent merger, in accordance to taking care of director and CEO V. Vaidyanathan.
Final 7 days, IDFC First Lender stated its board experienced authorized its merger with IDFC Ltd., the hottest in a wave of consolidation in India’s economic sector.
This comes just days after a $40 billion mega merger in between India’s largest private lender HDFC Bank with Housing Enhancement Finance Company, the country’s largest house loan financial institution.

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