IDFC First Bank Ltd - 539437 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Dear Sir / Madam, We wish to inform that the Bank has issued a newspaper advertisement for Postal Ballot. Enclosing a copy of Newspaper Advertisement dated November 03, 2021, published in 'Hindu Business Line' (electronic editions available). The same is being made available on the Bank's website www.idfcfirstbank.com. Please take the above on record and acknowledge receipt of the same. IDFC First Bank Ltd - 539437 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith the Postal Ballot Notice dated October 30, 2021 along with the Explanatory Statement ('Notice') for seeking approval of Members of IDFC FIRST Bank Limited ('Bank') for approving appointment and remuneration of Mr. Sanjeeb Chaudhuri as Part-Time Non-Executive Chairperson (Independent) of the Bank. IDFC First Bank Ltd - 539437 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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 details of scheduled meeting with Analysts / Institutional Investors Q2FY22 Quarterly Result Announced for IDFC First Bank Ltd.
Financial results Profit After Tax increased by 50% YOY at Rs. 152 Crore in Q2-FY22 Net Profit grew by 50% YoY basis to reach Rs. 152 crore in Q2-FY22 Profit Before Tax grew by 72% YOY to reach Rs. 218 crore in Q2-FY22 NII grew by 27% on a YoY basis to reach Rs. 2,272 crore in Q2-FY22 NIM%: Increased to 5.76% in Q2-FY22 as compared to 4.91% in Q2-FY21 Bank’s core operating income (net of interest expense and excluding trading gains) grew by 41% YOY to Rs. 2,930 crore in Q2-FY22 PPOP (excluding Treasury Gains) grew by 23% YOY to reach Rs. 571 crore CASA balance: Grew by 53% YoY basis to reach Rs. 46,269 crore. CASA ratio: 51.28% as of Sep 30, 2021, as compared to 40.37% as of Sep 30, 2020. Customer Deposits: grew by 21% YoY to reach Rs. 83,889 crore Funded Assets: grew by 10% YoY to reach Rs. 1,17,270 crore Retail Loan Assets: grew by 30% YoY to reach Rs. 78,048 crore, primarily driven by growth in Home Loans which grew by 46% YOY Asset quality at Bank Level: GNPA and NNPA at 4.27% and 2.09% respectively. GNPA and NNPA reduced sequentially by 35 bps and 23 bps respectively Retail Asset Quality: GNPA and NNPA at 3.45% and 1.66% respectively Collection Efficiency: Early bucket collection efficiency surpassed Pre-COVID levels for both urban and rural retail loans Capital Adequacy Ratio: Strong at 15.60% with CET-1 Ratio at 14.85% Average Liquidity Coverage Ratio (LCR): Strong at 174% for Q2-FY22 Mr. V Vaidyanathan, Managing Director and CEO, IDFC FIRST Bank, said, “We are seeing strong revival of the economy and strong demand for home loans, loan against property, MSME and consumer loans. The retail loan book is now highly diversified across over 10 lines of business and millions of customers. Further, the quality of the deposit franchise also improved significantly; our CASA Ratio has sustained at upwards of 50% even after reducing rates. As far as asset quality is concerned, we are confident that we will soon revert to the pre-Covid levels of Gross and Net NPA of 2% and 1% again in the retail business as seen from improvement in the input indicators such as cheque/ mandate bounce percentages, Collection efficiency and recoveries. Looking ahead, we are feeling quite confident." Result PDF
Buy IDFC First Bank; target of Rs 60: ICICI Direct
ICICI Direct is bullish on IDFC First Bank has recommended buy rating on the stock with a target price of Rs 60 in its research report dated November 01, 2021. IDFC First Bank Ltd - 539437 - IDFC FIRST Bank Limited - Update On Earnings Calls (Q2-FY22)
In continuation to our letter no. IDFCFIRSTBANK/SD/212/2021-22 dated October 27, 2021, the audio replay of earnings call on the financial results for the period ended September 30, 2021, has been uploaded over our website and is available on https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/financial-results/financial-result-q2.mp3. Request you to take the above on record and acknowledge receipt of the same. IDFC First Bank Q2 net profit surges 50%
Other income surged to 779.70 crore for the second quarter
Earnings Call for Q2FY22 of IDFC First Bank
Conference Call with IDFC First Bank Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript. IDFC First Bank Ltd - 539437 - Outcome Of The Board Meeting Of IDFC FIRST Bank Limited ('Bank') Held On October 30, 2021.
We refer to our intimation letter no. IDFCFIRSTBANK/SD/154/2021-22 dated August 26, 2021, informing about the RBI ('Reserve Bank of India') approval for appointment of Mr. Sanjeeb Chaudhuri (DIN: 03594427), Independent Director, as the Part-Time Chairman of the Bank, for a period of three (3) years, with effect from August 25, 2021, in terms of Section 10B (1A)(i) of the Banking Regulation Act, 1949. In this connection and pursuant to the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we wish to inform you that the Board of Directors of the Bank at its meeting held today, inter-alia, considered and approved the proposal to seek shareholders' approval, by means of a postal ballot, for appointment and remuneration of Mr. Sanjeeb Chaudhuri (DIN: 03594427), Independent Director, as Part-Time Chairman of the Bank. IDFC First Bank Ltd - 539437 - Press Release & Investor Presentation - Unaudited Standalone And Consolidated Financial Results Of IDFC FIRST Bank Limited ('Bank') For The Quarter And Half Year Ended September 30, 2021.
Further to our intimation made earlier with regard to the Unaudited Standalone and Consolidated Financial Results of the Bank for the quarter (Q2) and half year ended September 30, 2021, we enclose herewith, the Press Release and Investor Presentation in connection with the aforesaid Financial Results. The above information is also being hosted on the Bank's website at www.idfcfirstbank.com, in terms of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Please take the above on record and acknowledge receipt of the same.