IDFC Bank tried to strike a deal with Shriram Group in 2017 to boost its retail business but the deal fell through. Analysts say that the bank will be able to leverage the retail network of Capital First to garner more CASA. “They (IDFC Bank) were struggling with their CASA which is close to around 8%, so having a retail franchise was quite critical for them. The shareholders of IDFC Bank and Capital First will hold 72% and 28% stake, respectively, in the merged entity. In 2017, the lender had tried to strike a deal with the Shriram Group to boost its retail business.

Source: Mint January 14, 2018 19:18 UTC