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IDFC First Bank Ltd - 539437 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of Equity Shares pursuant to Exercise of Stock Options under 'IDFC FIRST Bank Limited Employee Stock Option Scheme' ('IDFC FIRST Bank ESOS') We wish to inform that the 'Allotment, Transfer, & Routine Matters Committee' of IDFC FIRST Bank Limited (the 'Bank') on June 17, 2022, has approved the allotment of 7,94,474 equity shares of face value of ? 10/- each fully paid-up to eligible employees of the Bank upon exercise of Stock Options vested with them under the 'IDFC FIRST Bank ESOS'. These equity shares shall rank pari passu with the existing equity shares of the Bank in all respects.
18-06-2022
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IDFC First Bank Ltd - 539437 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Disclosure under Regulation 30(6) read with Para A of Part A of Schedule III and Regulation 46(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations") Pursuant to applicable provisions of the SEBI Listing Regulations, please find attached the schedule of Analysts / Institutional Investors meets held / to be held on June 9, 2022, & June 16, 2022 respectively.
10-06-2022
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IDFC First Bank Ltd - 539437 - Announcement under Regulation 30 (LODR)-Credit Rating

Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform that 'Brickwork Ratings' have re-affirmed the existing rating ('BWR AA+/Stable') of IDFC FIRST Bank Limited in respect of its Non- Convertible Debentures (Rs. 1,968.40 crore).
07-06-2022
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IDFC First Bank Ltd - 539437 - Compliances-Reg.24(A)-Annual Secretarial Compliance

Pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD1/27/2019 dated February 8, 2019, we enclose herewith Annual Secretarial Compliance Report for the Financial Year ended March 31, 2022, issued by Makarand M. Joshi & Co., Practicing Company Secretaries.
30-05-2022
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IDFC First Bank Ltd - 539437 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of Equity Shares pursuant to Exercise of Stock Options under 'IDFC FIRST Bank Limited Employee Stock Option Scheme' ('IDFC FIRST Bank ESOS') We wish to inform that the 'Allotment, Transfer, & Routine Matters Committee' of IDFC FIRST Bank Limited (the 'Bank') on May 19, 2022, has approved the allotment of 2,38,088 equity shares of face value of ? 10/- each fully paid-up to eligible employees of the Bank upon exercise of Stock Options vested with them under the 'IDFC FIRST Bank ESOS'. These equity shares shall rank pari passu with the existing equity shares of the Bank in all respects. Post allotment, the issued and paid-up equity share capital of the Bank stands increased from ?6218,05,38,700/- comprising of 621,80,53,870 equity shares of ? 10/- each fully paid-up to ?6218,29,19,580/- comprising of 621,82,91,958 equity shares of ? 10/- each fully paid-up.
19-05-2022
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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 and financial year ended March 31, 2022 conducted after the meeting of Board of Directors held on April 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-ICICIsec-IDFCFirstBank-Apr30-2022.pdf
04-05-2022

Accumulate IDFC First Bank; target of Rs 59: Arihant Capital

Arihant Capital recommended Accumulate rating on IDFC First Bank with a target price of Rs 59 in its research report dated May 02, 2022.
03-05-2022
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Q4FY22 Quarterly Result Announced for IDFC First Bank Ltd.

IDFC First Bank declares Q4FY22 result: IDFC First bank Q4 FY22 profit after tax up 168% YoY at Rs. 343 crore Earnings: NII grew by 36% on a YoY basis to reach Rs. 2,669 crore in Q4-FY22. Net Interest Margin improved to 6.27% in Q4-FY22. Fee and Other Income grew by 40% YoY to reach Rs. 841 crore in Q4 FY22 Core operating income (excl. trading gains) grew by 37% YoY to Rs. 3,510 crore in Q4-FY22 Core operating profit (excl. trading gains) grew by 106% YoY to reach Rs. 836 crore Provisions other than tax were lower by 36% YoY basis at Rs. 369 crore in Q4-FY22 Net Profit grew by 168% YoY basis to reach Rs. 343 crore in Q4-FY22 Deposits: Customer Deposits: Grew by 13% YoY to reach Rs. 93,214 crore CASA ratio: 48.44% as of March 31, 2022. Average CASA Ratio for FY22 was 49.88%. Assets Funded Assets: Grew by 13% YoY to reach Rs. 1,31,951 crore. Retail Loan and Commercial loans grew by 26% YoY to reach Rs. 95,377 crore, primarily driven by growth in Home Loans which grew by 52% YoY Infrastructure Financing reduced by 36% YoY to reach Rs. 6,891 crore (reduced to 5.2% of funded assets). All spectrum related Bank Guarantees issued by the Bank have been released. Asset Quality Asset quality at Bank Level: GNPA and NNPA reduced by 45 bps and 33 bps YoY to reach 3.70% and 1.53% respectively. PCR (including technical write-offs) increased from 63.57% as at March 31, 2021 to 70.29% at Mar 31, 2022 to further strengthen the balance sheet. Gross and Net NPA of Retail and Commercial Finance reduced to 2.63% (reduction of 138 bps YoY) and 1.15% (reduction of 75 bps YoY) respectively. Collection Efficiency: Early bucket collection efficiency in Retail surpassed PreCOVID levels for both urban and rural retail loans Capital Adequacy & Liquidity Capital Adequacy Ratio: Strong at 16.74%, CET-1 Ratio at 14.88%, YoY growth of 297 bps. Average Liquidity Coverage Ratio (LCR): Strong at 136% for Q4-FY22. Mr. V Vaidyanathan, Managing Director and CEO, IDFC FIRST Bank, said, “We are happy to share that our core operating profit for Q4 22 has more than doubled (up 106%) to Rs. 836 crore as compared to Rs. 405 crore in Q4 FY 21. This shows the power of the business model we are building. Our PAT is up 168% YoY from Rs. 128 crore to Rs. 343 crore. In the retail business, which is one of the key drivers of growth, NPA continues to reduce since the last 4 quarters. Our Retail Gross NPA sharply reduced from 4.01% in FY 21 to 2.63% in FY 22, and Net NPA reduced from 1.90% in FY 21 to 1.15% in FY 22. Based on internal analysis, we are comfortably on our way to reduce retail GNPA and NNPA to 2% and less than 1% respectively as guided earlier. Whether savings accounts where we offer monthly credit of interest, or credit cards where we offer low APR and no annual or joining fees with easy redemption of rewards points, we have something special in our product offerings to customers. With this Customer First approach, coupled with our strong digital capabilities we are adding millions of new customers every year. For the first three years after merger, we grew the retail deposits base (3 year CAGR of 72%), and slowed down the loan growth (3 year CAGR only 6%) to strengthen the foundation. Now that our CASA is ~50%, we can comfortably grow our loan book between 20- 25% compounded for the next three years. This will give us strong operating leverage and growth and profitability. Our capital adequacy is strong at 16.74%.” Result PDF
02-05-2022
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IDFC First Bank Ltd - 539437 - Disclosure of Voting results of Postal Ballot (Regulation 44(3) of SEBI (LODR) Regulations, 2015)

IDFC First Bank Ltd has informed BSE regarding the details of Voting results of Postal Ballot, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here
02-05-2022
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IDFC First Bank Ltd - 539437 - IDFC FIRST Bank Limited - Audio Recording Of Earnings Call (Q4-FY22 & FY2021-22)

This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of earnings call with analysts and investors held on April 30, 2022 on audited financial results of the Bank for the quarter and financial year ended March 31, 2022 has been made available on the website of the Bank under following link: https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/financial-results/ICI0420220430140687.mp3 Request you to take the above on record and acknowledge receipt of the same.
30-04-2022
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