IDFC First Bank Ltd

(IDFCFIRSTB)

IDFC First Bank Announces Merger with IDFC Ltd - 09 Oct, 2024

In July 2023, IDFC First Bank announced plans to merge with its parent company, IDFC Ltd, in an all-stock transaction. This merger aims to streamline operations and enhance efficiency by eliminating the holding company structure.

IDFC First Bank Reports Strong Loan and Deposit Growth - 08 Oct, 2024

IDFC First Bank's loans and advances increased by 21.3% to Rs 2,22,188 crore, while customer deposits surged by 32.2% to Rs 2,17,738 crore over the past year.

IDFC First Bank Retained in FTSE Index Post-Merger - 07 Oct, 2024

FTSE Russell confirmed IDFC First Bank's retention in the FTSE Emerging Comprehensive Factor Index with unchanged investability weightage of 49% following the merger with IDFC Ltd. No changes to shares or free float were made.

IDFC First Bank Announces GST Integration and Share Allotment - 06 Oct, 2024

IDFC First Bank integrates with the GST portal for seamless tax payments and sets October 10 as the record date for IDFC Limited shareholders to receive shares.

IDFC First Bank Reports Growth and Merger Completion - 05 Oct, 2024

IDFC FIRST Bank has integrated with the GST portal for easier tax payments. It reported a 21.3% loan growth in Q2 FY 2025, and the merger with IDFC is complete, transitioning to a public shareholder structure.

IDFC First Bank Reports Strong Q2 Growth Metrics - 04 Oct, 2024

IDFC First Bank's Q2 FY2025 results show a 21.3% increase in loans and a 32.2% rise in deposits. The successful merger with IDFC Ltd. enhances its independence, with a stable AA+ credit rating reaffirmed by agencies.

IDFC First Bank Approves Major Amalgamation Moves - 30 Sep, 2024

IDFC First Bank's board approved the amalgamation of IDFC Financial Holding Company with IDFC, effective September 30, and the merger with IDFC effective October 1. V Vaidyanathan will serve as MD & CEO starting December 19, 2024.

IDFC First Bank Completes Merger with IDFC Limited - 28 Sep, 2024

IDFC First Bank has successfully merged with IDFC Limited, effective October 1, 2024. Shareholders will receive 155 equity shares for every 100 held, with an influx of ₹600 crores enhancing the bank's capital base and enabling future dividends. The merger simplifies the corporate structure, positioning the bank for growth in India's expanding economy.

IDFC Limited Merges with IDFC First Bank - 27 Sep, 2024

IDFC Limited announced the amalgamation with IDFC FIRST Bank, effective October 1, 2024, following NCLT approval. Shareholders will receive shares based on a specified exchange ratio.

NCLT Approves IDFC Merger with IDFC First Bank - 26 Sep, 2024

The National Company Law Tribunal (NCLT) approved the merger of IDFC Financial Holding with IDFC and subsequently into IDFC First Bank, boosting share prices.

IDFC Merger Approved, Shares Decline - 25 Sep, 2024

The National Company Law Tribunal approved the merger of IDFC Financial Holdings with IDFC, leading to a reverse merger with IDFC FIRST Bank. Despite shareholder approval, shares of both IDFC and IDFC FIRST Bank fell by 0.9% on the National Stock Exchange.

Market Expert Recommends Buying IDFC First Bank Shares - 23 Sep, 2024

Market expert Sudip Bandyopadhyay recommends buying shares of IDFC First Bank, citing strong management quality, good asset quality, and positive deposit mobilization. The stock opened at Rs 73.20.

RBI Extends Vaidyanathan's Tenure at IDFC First Bank - 20 Sep, 2024

The Reserve Bank of India has approved the reappointment of V. Vaidyanathan as MD and CEO of IDFC FIRST Bank for another three years, effective December 19, 2024. His leadership has been pivotal in the bank's growth and transformation since its establishment in 2018.

RBI Approves Vaidyanathan's Reappointment at IDFC First Bank - 19 Sep, 2024

The RBI has approved the reappointment of V. Vaidyanathan as MD & CEO of IDFC First Bank for three years, reflecting confidence in his leadership. The bank has shown significant growth in deposits and advances, indicating a strong market position.

IDFC First Bank: Positive Outlook Amid Challenges - 16 Sep, 2024

Analysts suggest IDFC First Bank shares could rise to Rs 90 in six months, supported by strong technical indicators. Despite missing guidance, the bank shows potential for growth post-FY26, with a focus on improving return profiles.

IDFC First Bank Faces Challenges Amid Market Sentiment - 13 Sep, 2024

IDFC First Bank is experiencing challenges due to high costs, sluggish growth, and asset quality concerns, exacerbated by recent floods in Tamil Nadu. Despite these issues, the stock is near a support level of ₹69-70, presenting a potential buying opportunity in the ₹64-52 range.