After calling off its merger plans with Shriram Group, IDFC Bank is believed to be in exploratory talks to acquire Capital First, a non-banking finance company. Speculation is also rife that there is a possibility of IDFC Group looking at merging IDFC Ltd and IDFC Bank. Both businesses had demerged earlier on October 5, 2015.
Amid rumours ahead of IDFC Bank board meeting on January 19, its share price on Monday surged 8.76 per cent on BSE. IDFC Ltd rose 3.34 per cent.