RBI allows IDFC to exit as promoter of IDFC First Bank

The Reserve Bank of India had allowed IDFC to exit the IDFC First Bank. In a regulatory filing made to the BSE, IDFC said that the RBI on July 20 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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