The merger will give IDFC First bank access to nearly ₹4,000 crore of capital, a bulk of which came from IDFC Ltd selling its mutual fund business to Bandhan Bank. IDFC Ltd shareholders are likely to benefit from the clean-up of the bank’s balance sheet and the groundwork laid for the retail loans growth take-off.
Dollar flat near one-week high as investors await Warsh’s Jackson Hole debut
The euro and sterling were subdued near one-week lows against the greenback, last at $1.1652 and $1.3597, respectively, though both remained on track for a
August 28, 2026