IDFC Ltd has received approval from the National Company Law Tribunal (NCLT) in Chennai for its merger with IDFC Financial Holding Company and IDFC First Bank. This decision was announced on September 25, 2024. IDFC stated they are now applying for a certified true copy of the NCLT order to complete necessary regulatory steps. Earlier, in May, IDFC First Bank's shareholders approved the merger with over 75% voting in favor. The scheme also gained strong support from Non-Convertible Debenture holders, with 99.99% voting in favor. This merger is expected to enhance IDFC First Bank's growth and operations.