Finance Ministry Grants Five-Year Exemption to IDFC First Bank from Shareholding Cap in Niraj Kakad Constructions

Last updated: 08 July 2025

The Ministry of Finance, on the recommendation of the Reserve Bank of India (RBI), has granted a five-year exemption to IDFC First Bank Limited from the provisions of Section 19(2) of the Banking Regulation Act, 1949. The exemption allows the bank to continue holding more than 30% of the paid-up cap

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Category Income Tax   Report

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