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Home Shareholder FAQs

Shareholder FAQs

A. What is the effective date for the merger completion?

Effective Date shall be December 18, 2018 pursuant to filing of both the Orders passed by NCLT respectively with Registrar of Companies.

B. What is the swap ratio agreed as per the merger arrangements?

IDFC Bank Limited shall issue 139 (One Hundred and Thirty Nine) Equity Share of the face value of Rs. 10 (Rupees Ten) credited as fully paid-up, for every 10 (Ten) equity shares of the face value of Rs. 10 (Rupees Ten) each fully paid-up held by such Equity Shareholder in the Capital First Limited.

C. When will the shareholders of Capital First get IDFC Bank shares? Do I have to do anything specific? Whom do I reach out to for any queries in this regard?

As per the statutory process, the investors of Capital First will be allotted the shares of IDFC Bank as per swap ratio in proportion to their holding as on Record Date and credited tentatively by second week of January, 2019 by IDFC Bank.

The investors will not have to do anything specific and the shares would get automatically credited to their respective Demat account directly by the Bank and allotted physical shares to those holding shares in physical mode. For any clarification, they can reach out to the Company Secretary at bank.info@idfcbank.com

D. Do existing shareholders of IDFC Bank get any shares of Capital First?

No, the existing IDFC Bank shareholders do not get any shares of Capital First.

E. Will there be any change in the registrar for Capital First shareholders?

Post the effectiveness of amalgamation, the Capital First shareholders can contact the Registrar and Share Transfer Agents of IDFC Bank:

KarvyFintech Private Limited [Unit: IDFC Bank Limited],
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Financial District, Nanakramguda,
Serilingampally, Hyderabad - 500 032
Email: einward.ris@karvy.com
Contact: +91 40 67161500 and Toll Free No.: 1800 345 4001

F. When will be the trading suspension of Capital First Shares?

The trading for Capital First shares will be suspended on 28 December 2018, one day before the record date i.e. December 31, 2018. The corporate action for crediting the converted shares to the respective shareholders of Capital First would take approximately two weeks.

G. What would be live customer base of the combined entity?

As per the last reported results as of September 30th, 2018, Capital First has 37 lacs live customers who primarily reside in the urban cities. As of same period, IDFC Bank has 5 lacs urban customers and 30 lacs rural customers.

H. What would be employee count of the combined entity?

As per the last reported results of the two entities as of September 30th, 2018, the combined entity will have a headcount of 10,943. Apart for this, there are 4,821 personnel working under the business correspondent structure for origination of rural business.

I. What would be total number of branches of the combined entity?

As per the last reported results as of September 30th, 2018, IDFC Bank has have 203 bank branches, 129 ATMs, 454 rural centers (including BC setups).

As per the last reported results as of September 30th, 2018, Capital First has 97 branches which are primarily administrative local offices engaged in the lending business. In due course, most of these offices would be converted into banking outlets or bank ranches depending on the feasibility.

J. What would be overall loan book of the combined entity? What would be mix of retail loan book?

As per the last reported results of the two entities as of September 30th, 2018, the combined entity would have on-book loan assets of Rs. 1,02,683 Cr including the PSL buyout and stressed assets. The retail loan book would be contributing 32.5% of the overall loan book.

K. What is the CASA ratio and CASA amount to start with, for the combined entity?

As per the last reported results of the two entities as of September 30th, 2018, the combined entity would have CASA of Rs. 6,426 Cr and CASA ratio of 13.3%.

L. How much would be the retail deposits to start with, for the combined entity?

As per the last reported results of the two entities as of September 30th, 2018, the combined entity would have a retail deposit base of Rs. 9,413 Cr, out of which retail CASA would be Rs. 2,609 Cr and retail deposit of Rs. 6,804 Cr.

M. What would be the total networth of combined entity?

As per the last reported results of the two entities as of September 30th, 2018, the combined entity would have a combined networth of Rs. 17,508 Cr, on a pro forma basis.

N. What would be Book Value per Share for the combined entity?

As per the last reported results of the two entities as of September 30th, 2018, the combined entity book value per share would be Rs. 36.62.

Effective 18th December 2018, Capital First & IDFC Bank have merged. The merged entity is now IDFC FIRST Bank. The website of the combined institution – IDFC FIRST Bank is under preparation & will be unveiled soon. Click here to Know more Effective 18th December 2018, Capital First & IDFC Bank have merged. The merged entity is now IDFC FIRST Bank. The website of the combined institution – IDFC FIRST Bank is under preparation & will be unveiled soon. Click here to Know more Effective 18th December 2018, Capital First & IDFC Bank have merged. The merged entity is now IDFC FIRST Bank. The website of the combined institution – IDFC FIRST Bank is under preparation & will be unveiled soon. Click here to Know more Effective 18th December 2018, Capital First & IDFC Bank have merged. The merged entity is now IDFC FIRST Bank. The website of the combined institution – IDFC FIRST Bank is under preparation & will be unveiled soon. Click here to Know more Effective 18th December 2018, Capital First & IDFC Bank have merged. The merged entity is now IDFC FIRST Bank. The website of the combined institution – IDFC FIRST Bank is under preparation & will be unveiled soon. Click here to Know more