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IDFC FIRST Bank offers four times annual CTC, salary continuation for two years to corona affected employees’ families: MD

“The bank’s employees are usually young people. Their families will be taken by shock. So we put together a composite programme covering all angles. We are giving four times the annual CTC as compensation plus continuing the salary for two more years so that the family can get the time to economically recover,” V Vaidyanathan, Managing Director and CEO, IDFC FIRST Bank, told PTI.

CCI clears proposed deal to acquire stake in Magma HDI General Insurance by 2 entities

Acting through SPV, the combination-India Advantage Fund S4 I & Dynamic India Fund S4 US I, and NHPEA Trisul Holding B.V.- contemplates an acquisition of an effective combined interest of less than 25 per cent, on a fully diluted basis, of the share capital of Magma HDI .
Besides, NTH would buy an effective combined interest of less than 10 per cent, on a fully diluted basis, of the company’s share capital, as per a notice filed with CCI.

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