IDFC First Bank to merge with IDFC

This comes days after HDFC merged with HDFC Bank in a $40 billion deal.

IDFC First Bank said on Monday its board had approved its merger with IDFC Ltd, subject to regulatory approvals.

This comes days after Housing Development Finance Corp merged with HDFC Bank in a $40 billion deal (Rs 3.27 lakh crore), the largest in India's corporate history.

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