IDFC First Bank Ltd

(IDFCFIRSTB)

IDFC First Bank Allocates Shares Under ESOS - 21 Nov, 2024

IDFC First Bank has allotted 1,74,474 equity shares to eligible employees under its Employee Stock Option Scheme (ESOS), increasing its paid-up capital.

IDFC FIRST Bank Launches Startup Lounge in Bangalore - 13 Nov, 2024

IDFC FIRST Bank has inaugurated its Startup Lounge in Bangalore, aimed at empowering early-stage entrepreneurs. This innovative space offers essential resources, networking opportunities, and hosts various events to connect startups with industry experts and investors.

IDFC First Bank Launches Real-Time Tracking for Transfers - 05 Nov, 2024

IDFC First Bank has launched a real-time tracking service for international money transfers, in collaboration with Swift, enhancing transparency and customer satisfaction in banking.

IDFC First Bank Faces Profit Slump Amid Provisions - 04 Nov, 2024

IDFC First Bank made provisions of Rs 568 crore, leading to a 73% decline in net profit. The microfinance portfolio decreased to 5.6% of the loan book, with the bank insuring 70% of its MFI book by March 2025.

IDFC First Bank Shows Growth Potential Amid Challenges - 01 Nov, 2024

IDFC First Bank demonstrates strong growth in advances and deposits, particularly in retail lending. Despite recent provisioning issues, the stock is technically attractive, with potential upside of 50%, making it appealing for medium to long-term investors.

IDFC First Bank Faces MFI Segment Challenges - 30 Oct, 2024

IDFC First Bank established a Rs 315-crore provisioning buffer due to losses in the microfinance institution (MFI) segment. The MFI portfolio decreased from 6.3% to 5.6% of the overall loan book, while collection efficiency fell by 40 basis points to 98.6%.

IDFC First Bank Anticipates Profit Growth in H2FY25 - 29 Oct, 2024

IDFC First Bank's MD expects profitability to improve significantly from Q2 FY25, driven by sound underwriting and strong deposit growth. The bank has made substantial provisions for micro loans, with a focus on enhancing customer experience and operating profit. Net profit is projected to increase in Q3 and Q4 FY25.

IDFC First Bank Faces Profit Decline and Market Reaction - 28 Oct, 2024

IDFC First Bank reported a significant 73% drop in net profit for Q2 FY25, leading to a 10% decline in share price. Despite increased net interest income, challenges in the microfinance sector were highlighted by management, indicating rising stress levels.

IDFC First Bank Reports Significant Q2 Profit Drop - 27 Oct, 2024

IDFC First Bank's net profit fell 73% to ₹201 crore in Q2 FY25, primarily due to a ₹253 crore provision from a toll waiver. Despite this, net interest income rose 21% to ₹4,788 crore, and asset quality improved with lower NPAs.

IDFC First Bank Reports Significant Profit Decline - 26 Oct, 2024

IDFC First Bank reported a 73% decline in net profit for Q2 FY25, attributed to higher provisions. However, net interest income rose by 21%. The bank's asset quality improved, with a reduction in gross Non-Performing Assets. Overall, the results fell short of market expectations.

IDFC FIRST Bank Receives Strong Ratings from CRISIL - 25 Oct, 2024

IDFC FIRST Bank announced that CRISIL has assigned a CRISIL AAA/Stable rating to its Rs 1,60,000 crore Fixed Deposits. Additionally, CRISIL reaffirmed ratings of AA+/Stable for Tier-II bonds and A1+ for Certificate of Deposits.