IDFC First Bank Ltd - 539437 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to applicable provisions of the SEBI Listing Regulations, please find the attached schedule of Analysts / Institutional Investors meets held / to be held on August 18, 2022 & August 19, 2022 respectively.
IDFC First Bank to offer banking, fundraising solutions to startups, investors
Under the MoU, IDFC First Bank will offer curated products and solutions to startup founders and investors, while LetsVenture will promote the bank as the preferred banker to all users across its Scalix platform. IDFC First Bank: Our model is designed to generate 2% ROA'
IDFC First Bank chief V Vaidyanathan spells out why he's upbeat about the bank's profitability IDFC First Bank Ltd - 539437 - Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
IDFC First Bank Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here IDFC First Bank Ltd - 539437 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Pursuant to Regulation 44 and other applicable provisions of the SEBI Listing Regulations, we hereby submit the results of the e-Voting at the 8th AGM of the Bank held on August 5, 2022 through Video-Conferencing means, as well as the results of the Remote e-Voting conducted for all resolutions as specified in the Notice of the 8th AGM dated July 1, 2022. All the resolutions proposed at the AGM were passed with requisite majority. The report of Mr. B. Narasimhan of M/s. B. N. & Associates, Scrutinizer, is enclosed herewith. IDFC First Bank Ltd - 539437 - Shareholder Meeting / Postal Ballot-Outcome of AGM
We wish to inform you that the 8th AGM of the Bank was held today i.e. August 5, 2022 at 2:00 p.m. (IST) through Video-Conferencing means. The disclosure on 'Proceedings of the 8th AGM of the Bank' pertaining to Regulation 30 of the SEBI Listing Regulations is enclosed herewith. Please be informed that pursuant to Regulation 44 of the SEBI Listing Regulations, the Bank will disclose the combined results of e-voting, along with the Scrutinizer's report, to the Stock Exchanges separately. IDFC First Bank Ltd - 539437 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed the transcript of the earnings call for the quarter ended June 30, 2022 conducted after the meeting of Board of Directors held on July 30, 2022, for your information and records. The above information is also available on the Bank's website at the following link: https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/financial-results/Concall-Transcript-Q1-FY23.pdf
IDFC First Bank zooms 10% on reporting highest-ever profit
The bank's NII grew by 26 per cent YoY, and the asset quality also improved considerably. Q1FY23 Quarterly Result Announced for IDFC First Bank Ltd.
IDFC First Bank announced Q1FY23 results: Net Profit grew to Rs. 474 crore in Q1FY23 from Net Loss of Rs. 630 crore in Q1FY22 NII grew by 26% on a YoY basis to reach Rs. 2,751 crore in Q1FY23 Net Interest Margin improved to 5.89% in Q1FY23 from 5.50% in Q1FY22 Fee and Other Income grew by 100% YoY to reach Rs. 899 crore in Q1FY23 Core operating income (excl. trading gains) grew by 39% YoY to Rs. 3,650 crore in Q1FY23 Core operating profit (excl. trading gains) grew by 64% YoY and by 18% QoQ to reach Rs. 987 crore Provisions other than tax were lower by 84% YoY basis at Rs. 308 crore in Q1FY23 at 0.9% (annualized) of average funded assets. Mr. V Vaidyanathan, Managing Director and CEO, IDFC FIRST Bank, said, “We have built a strong foundation for the bank, on the basis of which we can grow the loan book, deposits and profits comfortably from here on in a steady manner. We have seen a steady growth of over 20% YoY, both on the lending side as well as the deposits side in Q1 FY 23. Our ex treasury core operating profit has grown by 64% to touch nearly Rs. 1000 crores, which is a key landmark for us. We have posted the highest ever Profit after Tax of Rs. 474 crores in Q1 FY 23. Our return on assets has nearly touched 1% and we expect it to rise from here. We are happy that even post the pandemic, our retail Gross NPA and Net NPA has reverted to 2.1% and 0.9% respectively which is our long-term experience. More importantly, the retail asset quality has normalized sooner than our earlier guidance of March 2023.” Result PDF
Results Earnings Call for Q1FY23 of IDFC First Bank
Conference Call with IDFC First Bank Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.