IDFC First Bank Ltd. News and Updates

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

Keep track of all breaking news on IDFC First Bank Ltd. from all sources in a single place.

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IDFC First Bank Ltd.

07 Oct 2022

69.35

-0.19%

Initiating Coverage:IDFC First Bank

Buy: IDFC First Bank Ltd.

Axis Direct

We initiate coverage with a BUY' rating and a target price of Rs 70/share (1.6x FY25E ABV), implying an upside of 29% from CMP.

IDFC First Bank Ltd. is trading above all available SMAs

IDFC First Bank Ltd.

06 Oct 2022

69.35

-0.19%

IDFC First Bank shares hit 52-week high. Yes Bank share rises 10% in 2 days

livemint

IDFC First Bank shares may go up to 60 apiece levels whereas Yes Bank may go up to 22 levels in short term, believe stock market experts

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

IDFC First Bank Ltd.

04 Oct 2022

69.35

-0.19%

IDFC First Bank's loans grow 24.8% YoY in Q2, deposits up 35.9% YoY

Business Standard

Retail business comprised 66.4 per cent of overall funded assets as of September 30, says private lender

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

IDFC First Bank Ltd.

04 Oct 2022

69.35

-0.19%

IDFC First Bank surges 10%, hits 52-week high post Q2 business update

Business Standard

Asset quality of the loans booked during last 1 year, on a like-to-like vintage comparison basis, is performing better than prior vintage periods, indicating improvement in asset quality going forward

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

IDFC First Bank Ltd.

07 Sep 2022

69.35

-0.19%

IDFC First Bank joins ONDC

livemint

ONDC, a Section 8 company, has been set up to democratize e-commerce and will transition e-commerce from a platform centric model to an open network model, similar to the Unified Payments Interface for payments.

IDFC First Bank Ltd. is trading above all available SMAs

IDFC First Bank Ltd.

29 Aug 2022

69.35

-0.19%

ICICI, Axis, IDFC First Bank hike deposits rate for above Rs 2 crore

Business Standard

Hike rates after credit growth expands 15.3%

IDFC First Bank Ltd. is trading above all available SMAs

IDFC First Bank Ltd.

24 Aug 2022

69.35

-0.19%

Can IDFC First Bank make its mark in retail banking space?

Economic Times

The bank has been consistently shedding the corporate book in the last few years. At the time of the merger in December 2018, corporate and infrastructure loans made up almost 65% of the book because of legacy issues. As a part of its strategic asset restructuring strategy, the corporate book share declined to 34% as of June 2022 from 65% in December 2018.

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

IDFC First Bank Ltd.

17 Aug 2022

69.35

-0.19%

IDFC First Bank to offer banking, fundraising solutions to startups, investors

livemint

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.