IDFC First Bank Ltd Share Price (IDFCFIRSTB)

IDFC First Bank Expects RBI to Defer Rate Easing Call - 18 Apr, 2024

IDFC First Bank expects the Reserve Bank of India (RBI) to defer its rate easing call, possibly until Q4 2024 due to a delay by the US Federal Reserve in reducing rates and strong economic growth. Escalated tensions in West Asia could also add to inflation risks.

Jefferies Maintains Buy Rating on IDFC First Bank - 16 Apr, 2024

Jefferies maintains its buy rating on IDFC First Bank with a target price of Rs 100 per share. The bank's deposit franchise, tech platform, and distribution have been well-received, and margin expansion and return on equity (ROE) improvement are seen as positive factors.

IDFC First Bank Receives Buy Rating from Jefferies - 15 Apr, 2024

IDFC First Bank receives a buy rating from Jefferies with a target price of Rs 100 per share, while reporting an 18% rise in net profit for Q3 FY24.

IDFC First Bank and LIC Housing Finance Fined by RBI - 14 Apr, 2024

The Reserve Bank of India has imposed a penalty of Rs1.49 crore on IDFC First Bank and LIC Housing Finance for violating various rules and regulations prescribed by the regulator. The highest penalty of Rs1 crore lakh has been imposed on IDFC First Bank for non-compliance with directions issued by RBI on loans and advances – statutory and other restrictions.

IDFC First Bank Ltd shows strong momentum - 13 Apr, 2024

IDFC First Bank Ltd's stock has broken above its trendline resistance mark of 84 and closed above it. With RSI (14) on daily charts around 63.95, the overall momentum looks strong. Good volume pickup is also a positive sign for the stock, with targets of 90 and above expected. A strict stop loss at 81.50 should be kept.

Jefferies India Begins Coverage on IDFC First Bank with Buy Rating - 12 Apr, 2024

Jefferies India has initiated coverage on IDFC First Bank with a buy rating and raised its target to Rs 100 per share, anticipating strong deposit growth and healthy credit growth led by retail, rural, and SME loans. Credit costs are expected to rise due to normalization of the credit cycle, but these factors could support a 28% EPS CAGR, along with an expansion in ROA and ROE.

IDFC First Bank's EPS Soars by 30% in Last Year - 11 Apr, 2024

IDFC First Bank has seen a significant growth in earnings per share (EPS) over the last year, with an impressive gain of 30%. The company also reported revenue growth for the period of 30% to ₹183b, indicating sustainable growth and maintaining a competitive advantage. EBIT margins remained fairly unchanged.

IDFC First Bank Receives Buy Rating from Jefferies - 10 Apr, 2024

Jefferies has initiated coverage on IDFC First Bank with a buy rating and a target price of ₹100, citing strong earnings growth and improvement in profitability that should drive a rerating. Shares have climbed amid optimism over deposit franchises and expected operational efficiencies.

IDFC First Bank Receives RBI Penalty; Jefferies Initiates Coverage with Buy Rating - 08 Apr, 2024

IDFC First Bank receives an RBI-imposed monetary penalty of Rs 1 crore for non-compliance of certain regulatory measures. Jefferies initiates coverage with a buy rating and a target price of Rs 100, citing operational efficiencies that will lead to a re-rating of the stock. The bank's stock rises for a third straight session.

IDFC First Bank Penalized by RBI - 06 Apr, 2024

The Reserve Bank of India has imposed a penalty of Rs 1 crore on IDFC First Bank for violating certain norms regarding loans. The bank had sanctioned term loans to a public sector undertaking without due diligence, resulting in the repayment/servicing of the term loans being made out of budgetary resources.

IDFC First Bank Penalized by RBI - 05 Apr, 2024

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on IDFC First Bank for violating certain norms related to loans and advances. The bank had sanctioned term loans to a public sector undertaking without due diligence, leading to the penalty. The shares of IDFC First Bank closed at Rs 80.68 apiece on BSE, up by 1.48% from the previous close.

IDFC First Bank CEO: Indian Banking System Strong Enough to Support Growth - 04 Apr, 2024

IDFC First Bank's MD and CEO, V Vaidyanathan, stated that the Indian banking system is in a strong position to support India's growth for at least the next decade. He highlighted the robust net worth of the country's banking system at Rs 25 lakh crore and the strengthening governance conditions around it. The sentiment towards IDFC First Bank Ltd is POSITIVE.

IDFC First Bank Ltd shares settle at ₹77.50, up 2.79% - 02 Apr, 2024

IDFC First Bank Ltd's stock settled at ₹77.50, up 2.79% in the previous trading session. The bank has traded between ₹100.70 and ₹53.35 in the last year with a market capitalization of ₹54.79 Thousand Crore.

IDFC First Bank in Focus as Warburg Pincus Exits - 01 Apr, 2024

Private equity firm Warburg Pincus has sold its entire 2.3% stake in IDFC First Bank for Rs 1,195 crore, putting the bank's shares in focus.

IDFC First Bank Faces Major Stake Sell-Offs - 28 Mar, 2024

Private equity firm Warburg Pincus is set to exit IDFC First Bank by selling its entire 2.3% stake while Cloverdell Investment has sold its 2.5% stake for Rs 1,195.2 crore in the open market.

Warburg Pincus Affiliate to Sell Stake in IDFC First Bank - 27 Mar, 2024

US-based private equity firm Warburg Pincus' arm Cloverdell Investment is set to sell its entire 2.25% stake in IDFC First Bank for Rs 1,191.4 crore through a block deal at a floor price of Rs 75 per share.

IDFC First Bank CEO Gifts Shares Worth Over Rs 5 Crore - 25 Mar, 2024

V Vaidyanathan, the MD and CEO of IDFC First Bank, has gifted 700000 equity shares worth over Rs 5 crore to five non-related individuals. This is not the first time he has made such donations; in late 2018, he gave shares valued at Rs 20 crore to drivers, maids, colleagues, family members, and donated shares worth over Rs 40 crore to Rukmini Foundation.

IDFC First Bank MD Gifts Shares Worth Rs 5.5 Crore - 22 Mar, 2024

IDFC First Bank's Managing Director gifted 7 lakh equity shares worth nearly Rs 5.5 crore to five people not related to him for philanthropic reasons. The bank clarified that there were no direct or indirect benefits derived by Mr Vaidyanathan from these transactions.