IDFC FIRST Bank board approves reduction in authorised share capital
This move is to fulfil a provision of the Banking Regulation Act, 1949, whereby the subscribed and paid-up share capital of a Bank should be at least 50 per cent of its authorized share capital
This move is to fulfil a provision of the Banking Regulation Act, 1949, whereby the subscribed and paid-up share capital of a Bank should be at least 50 per cent of its authorized share capital
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