News digest: IDFC Bank-Capital First merger, SC crisis, World Bank and more

News DigestIDFC Bank to merge with Capital First, Vaidyanathan to succeed Lall India’s newest scheduled commercial lender IDFC Bank and Warburg Pincus-backed Capital First on Saturday agreed to merge in an all-share deal. V Vaidyanathan, chairman of the non-banking finance company, would become the MD and CEO of the merged entity, succeeding Rajiv Lall. (Full report) Managing the SC crisis: Bar Council forms team; Congress takes on Modi The Bar Council of India has set up a seven-member team in an attempt to resolve the differences between the four dissenting Supreme Court judges and Chief Justice of India (CJI) Dipak Misra. The team is expected to start its deliberations with all judges, except the top five, immediately.

Source: Business Standard