IDFC First Bank Ltd. News and Updates

Name: Latest research reports of IDFC First Bank Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: IDFC First Bank Ltd.
Rating: 5
Author: Motilal Oswal

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IDFC First Bank Ltd.

29 Apr 2023

69.36

4.76%

IDFC FIRST Bank reports highest-ever profit at Rs 2,437 crore in FY23

Business Today

The bank's quarterly net profit grew 134 per centYoY, from Rs. 343 crore in Q4-FY22 to Rs. 803 crore in Q4-FY23

BOB Capital Markets Ltd. increased Buy price target of IDFC First Bank Ltd. to 79.0 on 28 Apr, 2025.

IDFC First Bank Q4 profit after tax more than doubles to Rs 803 crore

Business Standard | 29 Apr 2023 2 more

IDFC First Bank Ltd.

28 Apr 2023

69.36

4.76%

ED seizes Rs 3.44-cr in money laundering case against online betting

Business Standard

The Enforcement Directorate Friday said it has frozen 93 bank accounts and seized Rs 3.44 crore as part of a money laundering investigation linked to an illegal online betting case in Gujarat. The action was taken under the criminal sections of the Prevention of Money Laundering Act (PMLA) after the federal agency on Thursday searched five accounts held at an IDFC First Bank branch in Surat. The case pertains to alleged betting activities carried out through "fake and dummy" bank accounts by Harish alias Kamlesh Jariwala and others. The bets were being placed on mobile apps called CBTF247.com and T20 EXCHANGE.com, the ED said in a statement. Following the search in the bank, Rs 3.44 crore deposited in five accounts held by Mitalia Enterprise, R M Enterprise, D M Enterprises, Vishwakarma Traders and XBT Labs Pvt. Ltd. with IDFC First Bank has been frozen under the provisions of the PMLA, it said. Further, 93 bank accounts, including the five bank accounts, "related and involved in .

IDFC First Bank Ltd. is trading above all available SMAs

IDFC First Bank Ltd.

25 Apr 2023

69.36

4.76%

Trade Spotlight | What should you do with IDFC First Bank, Engineers India, Tata Consumer Products?

Moneycontrol

Tata Consumer Products which jumped 4.6 percent to Rs 732.5, the highest closing level since February 16. The stock has formed large bullish candlestick pattern on the daily charts with robust volumes, with getting back above 50-day EMA.

IDFC First Bank Ltd. has an average target of 71.53 from 9 brokers.

IDFC First Bank Ltd.

19 Apr 2023

69.36

4.76%

Trade Spotlight | Your strategy for Indian Bank, IDFC First Bank, APL Apollo Tubes today

Moneycontrol

IDFC First Bank formed bullish candle on the daily scale with above average volumes, as it gained 2.5 percent to close at Rs 56.50. With Tuesday's move, the stock got back above all key moving averages, with making higher highs higher lows for second straight session.

BOB Capital Markets Ltd. increased Buy price target of IDFC First Bank Ltd. to 79.0 on 28 Apr, 2025.

IDFC First Bank Ltd.

27 Mar 2023

69.36

4.76%

IDFC First Bank partners Crunchfish to demonstrate offline retail payments

Business Standard

IDFC First Bank on Monday said it has partnered with Swedish company Crunchfish to pilot a project to demonstrate offline retail payments. IDFC First Bank, is set to be a part of RBI's pilot project to enable offline payments, the private sector lender said, adding that the project will give access to digital payments even when there is no network. The unique digital payment solution was designed by Crunchfish for merchants and customers under the RBI's Regulatory Sandbox Program, IDFC First Bank said in a release. "This project will provide support for offline retail payments based on a Digital Cash platform to the payment ecosystem of India. IDFC FIRST Bank will be one of the first few banks to be a part of this pilot project by HDFC Bank," it said. The application was approved by the RBI to demonstrate offline payments between two banks. The Development and Demonstration Agreement which is a non-commercial agreement has now been signed to give IDFC First Bank access to the Digit

BOB Capital Markets Ltd. increased Buy price target of IDFC First Bank Ltd. to 79.0 on 28 Apr, 2025.

IDFC First Bank Ltd.

21 Mar 2023

69.36

4.76%

IDFC First Bank shares rise after IDFC announces plans to complete merger in FY23

livemint

Axis Capital Ltd has been appointed for fairness opinion on the share exchange ratio

IDFC First Bank Ltd. has an average target of 71.53 from 9 brokers.

IDFC First Bank Ltd.

16 Mar 2023

69.36

4.76%

IDFC FIRST Bank becomes official banking partner for Mumbai Indians

livemint

IDFC FIRST Bank will be the Official Banking Partner and marks IDFC FIRST Bank's debut in cricket partnerships

Number of FII/FPI investors decreased from 636 to 624 in Mar 2025 qtr

IDFC First Bank Ltd.

08 Mar 2023

69.36

4.76%

IDFC First Bank shares trade near 52-week high. ICICIDirect sees stock to outperform in near term

livemint

The brokerage is positive on IDFC First Bank and expects it to outperform over the next few months

IDFC First Bank Ltd. has gained 15.75% in the last 1 Month

IDFC First Bank Ltd.

03 Mar 2023

69.36

4.76%

Buy IDFC First Bank; target of Rs 70: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on IDFC First Bank recommended buy rating on the stock with a target price of Rs 70 in its research report dated March 02, 2023.