Tue, Jan 23, 2024
IDFC First's results are good, guidance is bad... The only bank in the banking industry to register growth in NIM... Credit cost increased from 1.2% to 1.4%
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IDFC First Bank's top market in News Par Views... Interest income jumped by 30.5% to ₹ 4286.6 crore... Margin increased by 18.4% in Q3 to ₹ 715.7 crore... Where did the stock exchange get support in Q3? What is the plan regarding capacity expansion? Product Description
The lender's loan and advances are at a 5-year CAGR of 20.3 per cent against the current YoY growth rate of 24.5 per cent. On the other hand, its customer deposit are at a 5-year CAGR of 24.8 per cent against the current YoY growth rate of 42.8 per cent. The IDFC First stock ended the trading session on Tuesday down by 6.64 per cent, or Rs 5.82, at Rs 81.85.
Tue, Oct 05, 2021
Gross Funded Assets stood at Rs 1,06,828 crore at the end of the second quarter of 2020-21, it said in a regulatory filing.
Tue, Jun 15, 2021
ICICI Securities initiate coverage on IDFC First Bank with a Buy recommendation with a target price of Rs 73 per share (assigning 1.9x multiple to FY23E book).
Wed, Mar 31, 2021
IDFC First Bank on Tuesday has opened Qualified institutions placement (QIP) of equity shares aggregating to Rs 3,000 crore of face value Rs 10 each. The floor price in the aforesaid issue, based on the pricing formula is at Rs 60.34 per share.
Fri, Feb 05, 2021
As the Indian stock market continues to trade in green since the Budget 2021 was announced, the prices of many shares have gone up and there are many with potential good upside in near future.
Wed, Feb 03, 2021
IDFC First Bank posted decent Q3 FY21 results with improvement in operating parameters and sequential rise in loan growth. On the asset quality front, there was little disappointment but long-term prospects remain intact. NII was up 13.7% YoY, 5.1% QoQ to Rs 1744 cr. NIMs expanded QoQ by 8 bps and 79 bps YoY to 4.65% despite interest reversals due to NPAs, supported by sharp rise in CASA deposits. Other income for the quarter jumped 31.1% YoY Rs 759 cr.
Tue, Feb 02, 2021
Here is something that will definitely touch your heart. Zee Business Managing Editor Anil Singhvi today highlighted that in the official disclosure sent to the stock exchanges by IDFC First Bank MD and CEO V Vaidyanathan, he has given 100000 shares as a gift to his teacher (Saini sir). This gift was given in gratitude for an amazing gesture by Saini sir.
Thu, Dec 17, 2020
Reverse merger of IDFC-IDFC First Bank possible, IDFC Limited can benefit from the proposed merger. Company awaits RBI guidelines on NBFC.
Fri, Oct 02, 2020
During the Coronavirus lockdown, all Indian banks had given freedom from maintaining minimum balance in savings accounts to all its customers till June 30.
Thu, Sep 24, 2020
IDFC FIRST Bank is set to launch SafePay, a digital facility that allows contactless debit card payments by simply waving your smartphone against a Near Field Communication (NFC)-enabled Point of Sale or POS terminal.
Wed, Sep 23, 2020
IDFC First Bank on Wednesday said it will launch contactless debit card-based payment facility, SafePay, next week allowing transactions up to Rs 20,000 per day.
Wed, Jul 29, 2020
Stocks in Focus on July 28: IRCTC, Nestle, IndusInd Bank, IDFC First Bank, RBL Bank, etc. are expected newsmakers throughout the intraday trade session.
Sat, Jun 13, 2020
IDFC First Bank on Friday said it has raised nearly Rs 2,000 crore by issuing shares on preferential basis to its promoters and various other financial services players.
Wed, May 27, 2020
IDFC FIRST Bank, putting customers’ safety first, today announced the launch of video KYC for online Savings Accounts opening.
The main reason is our engagement in strengthening the bank’s foundation for the last four quarters. At the same time, we are also growing its retail business that led to an improvement in the net interest margin (NIM).
Mon, May 25, 2020
Covid-19 pandemic continues to hit economies across the world.
Sun, Sep 29, 2019
Private sector lender IDFC First Bank has said its retail loan book is growing at a 25 per cent upwards and there is no liquidity crisis at the moment. "If the industry is growing at a 15-20 per cent on retail side, then there is already an outreach.
Wed, May 29, 2019
Japanese two-wheeler maker Honda Motorcycle and Scooter India Wednesday said it has signed a pact with IDFC First Bank for retail financing for vehicles.
Fri, Mar 08, 2019
On IDFC Bank-Capital First merger, a Morgan Stanley report says that the 13-15% returns on equity is a thing of the future.
Wed, Jan 16, 2019
Shares of IDFC First Bank, combined entity formed after the merger of Capital First with IDFC Bank, got listed on the bourses on the National Stock Exchange of India (NSE) and the BSE.
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