IDFC First Bank Share Price Live blog for 15 Nov 2023
IDFC First Bank stock price went up today, 15 Nov 2023, by 0.07 %. The stock closed at 86.23 per share. The stock is currently trading at 86.29 per share. Investors should monitor IDFC First Bank stock price closely in the coming days and weeks to see how it reacts to the news.
IDFC First Bank Ltd - 539437 - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Receipt of Observation Letters with no objection from NSE and no adverse observations from BSE. Kindly refer the attachment for detailed disclosure. IDFC First Bank Ltd - 539437 - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Receipt of In-principle approval from Pension Fund Regulatory Development Authority. Kindly refer the attachment for detailed disclosure IDFC First Bank Share Price Live blog for 13 Nov 2023
IDFC First Bank stock price went up today, 13 Nov 2023, by 1.12 %. The stock closed at 85.34 per share. The stock is currently trading at 86.3 per share. Investors should monitor IDFC First Bank stock price closely in the coming days and weeks to see how it reacts to the news. IDFC First Bank Ltd - 539437 - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Receipt of Prior Approval for Stock Broker license from National Stock exchange. Kindly refer the attachment for detailed disclosure. IDFC First Bank Share Price Live blog for 07 Nov 2023
IDFC First Bank stock price went down today, 07 Nov 2023, by -0.07 %. The stock closed at 82.8 per share. The stock is currently trading at 82.74 per share. Investors should monitor IDFC First Bank stock price closely in the coming days and weeks to see how it reacts to the news. IDFC First Bank Ltd - 539437 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Please find enclosed the Transcript of the Earnings call for the quarter and half year ended September 30, 2023 Q2FY24 Quarterly Result Announced for IDFC First Bank Ltd.
IDFC First Bank announced Q2FY24 results: 1. Profitability: - IDFC FIRST Bank's net profit for Q2FY24 grew 35% YoY to Rs 751 crore, driven by strong growth in core operating income. - Core operating income increased by 35% YoY to Rs 5,326 crore in Q2FY24. - The bank reported a core operating profit of Rs 1,456 crore, a 38% YoY growth. - Net interest income (NII) grew 32% YoY to Rs 3,950 crore in Q2FY24. - Fee and other income increased by 46% YoY to Rs 1,376 crore in Q2FY24. 2. Deposits & Borrowings: - Customer deposits increased by 44% YoY to Rs 1,64,726 crore as of September 30, 2023. - CASA deposits grew by 26% YoY to Rs 79,468 crore, with a CASA ratio of 46.4%. - Retail deposits increased by 50% YoY to Rs 1,27,595 crore, constituting 77% of total customer deposits. - Legacy high-cost borrowings reduced to Rs 15,002 crore as of September 30, 2023. 3. Funded Assets: - Funded assets, including advances and credit substitutes, grew 26% YoY to Rs 1,83,236 crore. - Infrastructure financing now constitutes only 1.8% of total funded assets. 4. Assets Quality: - Gross NPA improved to 2.11% as of September 30, 2023, compared to 3.18% as of September 30, 2022. - Net NPA improved to 0.68% as of September 30, 2023, compared to 1.09% as of September 30, 2022. - GNPA and NNPA of the Retail, Rural, and SME Finance segment are at 1.53% and 0.52% respectively. - SMA-1 and SMA-2 in the Retail, Rural, and SME Finance portfolio reduced to 0.77% as of September 30, 2023. - Provision coverage ratio increased to 84.09% as of September 30, 2023. 5. Capital Position & Liquidity: - Capital adequacy stood at 16.54% with CET-1 ratio at 13.49% as of September 30, 2023. - The Bank raised Rs 3,000 crore through qualified institutional placement (QIP) in October 2023. - Average LCR was strong at 122% for the quarter ending September 30, 2023. V Vaidyanathan, Managing Director and CEO, IDFC FIRST Bank, said, "As mentioned before, we are firmly fixated on building our Bank for the 'long-run' and are building our fundamentals, our culture, and our products keeping long-run thinking in mind. Diversified customer deposits are the most important foundational capability for a Bank. We are sincerely thankful for such goodwill from our esteemed customers because of which our customer deposits continue to grow well at 44% YoY, and our CASA ratio continues to be strong at 46.4%. We have registered a profit of Rs 1,516 crore in H1FY24, representing a growth of 47% over PAT of Rs 1,030 crore in H1FY23." Result PDF IDFC First Bank Share Price Live blog for 03 Nov 2023
IDFC First Bank stock price went up today, 03 Nov 2023, by 1.44 %. The stock closed at 81.11 per share. The stock is currently trading at 82.28 per share. Investors should monitor IDFC First Bank stock price closely in the coming days and weeks to see how it reacts to the news. IDFC First Bank Ltd - 539437 - Schedule Of Analysts/Institutional Investors Meet
Please find attached Schedule of Analysts/ Institutional Investors meet.