During a meeting of its Board of Directors, IDFC Bank proposed to change its name after the merger with Capital First. What is the new name of the bank as approved?

Introduction / Context:
This question is about banking and corporate restructuring. IDFC Bank, a private sector bank, merged with Capital First, a non banking financial company. Following this merger, the name of the bank was changed to reflect the new combined identity. Appointments, mergers, and name changes of major banks are popular topics in general awareness for banking and government exams.

Given Data / Assumptions:

• The bank mentioned is IDFC Bank.
• A merger with Capital First has taken place.
• The Board of Directors proposed a new name for the merged entity.
• We must select the correct new name from the given options.

Concept / Approach:
After mergers, companies often rebrand to signal a fresh combined identity. In this case, IDFC Bank and Capital First merged and the new entity was named IDFC First Bank Limited. This name keeps the IDFC brand while also including the word First, which comes from Capital First. The correct answer should therefore mention IDFC First Bank Ltd exactly, not other variations that look similar but are incorrect.

Step-by-Step Solution:
Step 1: Identify that the question refers to the post merger name of IDFC Bank. Step 2: Recall from current affairs that after the merger with Capital First, the bank was renamed IDFC First Bank Limited. Step 3: Examine the options carefully and look for the exact phrase IDFC First Bank Ltd. Step 4: Notice that other options either change the word order or add words such as Capital or Chit Fund which do not appear in the actual new name. Step 5: Choose IDFC First Bank Ltd as the correct answer.

Verification / Alternative check:
A simple verification is to recall that the stock ticker and branding of the bank visible in financial news, advertisements, and official communication is IDFC First Bank. Articles about the merger repeatedly mention this as the new name. None of the other variants appears in authoritative sources. This consistency across multiple references confirms that IDFC First Bank Ltd is the accurate choice.

Why Other Options Are Wrong:

• Capital IDFC Bank Ltd: Rearranges the words and gives undue prominence to Capital, which is not the approved brand name.
• IDFC Chit Fund Bank: Introduces the term Chit Fund, which is not related to the bank name and could be misleading.
• First IDFC Bank: Places First before IDFC but this combination is not used officially.
• IDFC Capital Finance Bank: Adds the word Finance and changes the structure, which does not match the real post merger name.

Common Pitfalls:
One common error is to overlook the exact order of words and choose an option that sounds similar. Another pitfall is to assume that the word Capital must appear prominently in the new name because Capital First was a merger partner. In reality, the final branding decision focused on IDFC First Bank, so candidates must pay attention to precise wording in current affairs.

Final Answer:
After the merger with Capital First, IDFC Bank was renamed IDFC First Bank Ltd, so the correct option is IDFC First Bank Ltd.