Page 2 - Idfc First Bank

IDFC First Bank Q3FY25 results: Net profit falls 53% to Rs 339 cr

IDFC First Bank on Saturday reported 53 per cent decline in net profit at Rs 339 crore for the third quarter ended December 2024 on increased provisions due to higher slippages of loans. The private sector lender had earned a net profit of Rs 716 crore in the same quarter a year ago. Total income increased to Rs 11,123 crore during the quarter from Rs 9,396 crore in the same period a year ago, IDFC First Bank said in a regulatory filing. Interest income increased to Rs 9,343 crore from Rs 7,879 crore a year ago. On the asset quality front, the bank's gross non-performing assets ratio improved to 1.94 per cent from 2.04 per cent a year ago. Similarly, net NPAs, or bad loans, came down to 0.52 per cent from 0.68 per cent at the end of the third quarter last fiscal. However, overall provisions, excluding tax doubled to Rs 1,338 crore from Rs 655 crore in the same quarter a year ago. Provisions coverage ratio on non-performing loans was 78.2 per cent as on December 31, 2024. The gr

RBI expected to transfer another bumper payout to govt, say analysts

The RBI makes an annual payout to the government from the surplus income it earns on investments and valuation changes on its dollar holdings

IDFC First Bank gains after total biz climbs 25% to Rs 4.58 trillion

IDFC First Bank advanced 1.24% to Rs 65.50 after the bank's total business (loans & advances and customer deposits) jumped 25.2% from Rs 3,65,956 crore as of 31 December 2023 to Rs 4,58,213 crore as of 31 December 2024.

Govt plans to borrow Rs 3.9 trillion via treasury bills in Q4FY25

Market participants said that the gross borrowing amount was higher than expected

IDFC First slumps 10% after posting a 72% slip in its net profit in Q2FY25

IDFC First Bank's consolidated profit slipped 71.6 per cent to Rs 211.94 crore from Rs 746.85 crore a year ago

IDFC First Bank Q2FY25 results: Net profit falls 73% to Rs 201 cr

IDFC First Bank on Saturday posted a 73 per cent decline in its standalone profit to Rs 11,746 crore in the second quarter ended in September 2024. The private sector lender had earned a net profit of Rs 751 crore in the same quarter a year ago. However, total income increased to Rs 10,684 crore during the quarter under review against Rs 8,786 crore in the same period last year, IDFC First Bank said in a regulatory filing. The bank reported interest income of Rs 8,957 crore during the quarter compared to Rs 7,356 crore in the same period a year ago. Provisions for Q2 FY25 stood at Rs 1,732 crore, primarily on account of prudent provisioning buffer of Rs 568 crore, the bank said in a statement. Net Interest Income (NII) improved to Rs 4,788 crore, from Rs 3,950 crore in the second quarter of the previous year. As regards asset quality, the bank witnessed improvement with gross Non-Performing Assets (NPAs) declining to 1.92 per cent of the gross loans by the end of September 2024 fr

Bandhan, IDFC First, RBL, CSB Bank among 19 financial stocks at 52-week low

Capital Small Finance Bank, ESAF Small Finance Bank, Fedbank Financial Services and Fusion Finance have hit an all-time low in trades on Friday.

Stocks to Watch, October 25: JSW Steel, NTPC, ICICI Bk, BoB, Axis Bank, IEX

At 7:28 AM, GIFT Nifty indicated a flat opening as it was trading about 3.5 points lower at 24448.50 levels, as against Nifty Futures last close of 24,452.

IDFC First raises fixed deposit rates, offers up to 8.25% on schemes

Senior citizens are given an added advantage and can earn 0.50% more as interest

IDFC FIRST Bank announces completion of IDFC Ltd merger effective Oct 1

IDFC First Bank on Friday announced the completion of merger of IDFC Limited with the bank. This follows the receipt of all requisite shareholder and regulatory approvals, the bank said in a statement. The merger is effective from October 1, 2024, it added. As a result of the merger, it said, 155 equity shares of the bank will be allotted for every 100 equity shares of IDFC Limited held by such shareholder in IDFC Limited as on the Record Date i.e., October 10, 2024. The shares are expected to be credited to shareholders of IDFC Limited on or before October 31, 2024, subject to regulatory processes and clearances, it said. Post the amalgamation, there will be a simplified corporate structure at the Bank with no holding company, it said. "The shareholding structure will be like other leading institutional Indian private sector banks with no promoter holding. The bank will continue to be professionally managed institution," it said. As part of the merger, it said, about Rs 600 cro

Zero forex fee, movie perks: Benefits of IDFC First Bank Mayura credit card

Mayura credit card is designed for those looking for both style and benefits, with a focus on rewards and travel perks, according to the bank

Jigar S Patel of Anand Rathi recommends buying these three stocks today

Over the past few months, IDFC First Bank has consistently maintained a strong support level between Rs 70-71, despite several challenges from downward market trends.

Jigar S Patel of Anand Rathi recommends buying these three stocks on Aug 26

After peaking around the Rs 101 mark in September 2023, the IDFC First Bank stock underwent a significant correction, dropping by 30 points, equivalent to a 29.34 per cent decline from its high.

Jigar S Patel of Anand Rathi recommends buying these three stocks today

After reaching a peak near the Rs 101-mark in September 2023, the IDFC First Bank stock experienced a substantial correction of 30 points, translating to a 29.34 per cent decline from its high.

IDFC First Bank Q1 results: Net profit declines by 11% to Rs 680 cr

IDFC First Bank on Saturday reported an 11 per cent decline in net profit at Rs 680 crore in the April-June quarter. The bank had posted a net profit of Rs 765 crore in the year-ago period. Total income in the first quarter of the current fiscal rose to Rs 10,408 crore as against Rs 8,282 crore, IDFC First Bank said in a regulatory filing. The lender's interest income also increased to Rs 8,789 crore from Rs 6,868 crore in the same quarter a year ago. The gross Non-Performing Assets (NPAs) declined to 1.9 per cent of the gross advances by June 2024 from 2.17 per cent in the same quarter a year ago. The net NPA too declined to 0.59 per cent as against 0.70 per cent in the same period of the previous year.

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5 private bank stocks for your portfolio; Check trading strategy here

ICICI Bank stock looks strong on charts. Among others Bandhan Bank, IDFC First Bank, IndusInd Bank and RBI Bank can rally up to 21%; check key levels

Stocks to buy on June 20: IDFC Bank, RBL, IGL; check target prices

Banking stocks are witnessing decent traction and IDFC First Bank has witnessed a fresh breakout. It had been trading in a corrective phase for over 8 months

Nifty Bank hits 50,000 mark for the first time ever; Check key reason

Surpassing the 50,000-mark for the very first time, the index's ascent can also be attributed to robust Q4 GDP figures, and S&P recent upgradation of India's rating to positive

IDFC First Bank to issue Rs 3,200 cr of equity shares on preferential basis

The allottees of these shares are LIC, HDFC Life, Aditya Birla Sun Life, Bajaj Allianz, ICICI Lombard, and SBI General