V. Vaidyanathan, founder of Capital First. Photo: Hemant Mishra/MintMumbai: In 2011-12, V. Vaidyanathan took control of the erstwhile Future Capital with support from private equity fund Warburg Pincus and launched Capital First. For Vaidyanathan, the deal with IDFC Bank is, therefore, a natural progression to becoming a bank. Edited excerpts:How did the idea of merging with IDFC Bank come up? Have you entered into an exclusivity period with IDFC Bank?

Source: Mint January 14, 2018 19:30 UTC