IDFC First Bank Ltd. News and Updates

Name: Latest research reports of IDFC First Bank Ltd. authored by BOB Capital Markets Ltd. and published by - Trendlyne research reports.
Item: IDFC First Bank Ltd.
Rating: 1
Author: BOB Capital Markets Ltd.

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IDFC First Bank Ltd.

29 Jul 2020

72.60

0.51%

IDFC First Bank (SELL): High moratorium in corporate portfolio a risk cut to SELL

Sell: IDFC First Bank Ltd.

Recommendation Target

BOB Capital Markets Ltd.

IDFC First Bank's (IDFCFB) Q1FY21 PAT at Rs 0.9bn was aided by 38% YoY growth in NII, stable non-interest income and lower opex QoQ.

IDFC First Bank Ltd. is trading above all available SMAs

IDFC First Bank Ltd.

29 Jul 2020

72.60

0.51%

IDFC First Bank

Buy: IDFC First Bank Ltd.

Target

ICICI Securities Limited

The bank offered Morat 2 to 28% of its customers by value vs. 35% in Morat 1. Around 23% is in retail assets including rural portfolio and 35% is in the wholesale financing portfolio. Provision was at | 764 crore, including | 375 crore related to Covid-19 over and above | 225 crore done in Q4FY21. Asset quality witnessed a strong sequential improvement with GNPA & NNPA ratio improving ~61 bps and ~43 bps to 1.99% and 0.51%, respectively. Gross NPA of the retail loan book was at 0.87% vs. 1.77% as of March 31, 2020 and net NPA percentage of the retail loan book of the bank...

IDFC First Bank Ltd. is trading above all available SMAs

IDFC First Bank Ltd.

18 Jul 2020

72.60

0.51%

Buy IDFC First Bank; target of Rs 37: Anand Rathi

Moneycontrol

Anand Rathi recommended hold rating on IDFC First Bank with a target price of Rs 37 in its research report dated July 16, 2020.

Number of MF schemes increased from 27 to 34 in Jun 2025 qtr.

IDFC First Bank Ltd.

06 Jun 2020

72.60

0.51%

IDFC FIRST BANK LIMITED

Hold: IDFC First Bank Ltd.

Target

Geojit BNP Paribas

Net Interest Income (NII) reported a growth of 13% on a YoY basis, and Net Interest Margin (NIM) improved to 4.24% in Q4FY20, compared to 3.86% in the previous quarter. Currently Gross/Net NPA stands at 2.60%/0.94% compared to 2.83%/1.23% in Q3FY20. Provision coverage ratio improved for the quarter to 64.53% compared to 57.34% in Q3FY20. We have lowered our advances growth estimates by 13% each for FY21E and FY22E due to Covid 19 pandemic....

IDFC First Bank Ltd. is trading above all available SMAs

IDFC First Bank Ltd.

27 May 2020

72.60

0.51%

COVID-19 impact | IDFC First Bank announces pay cuts for senior management

Moneycontrol

IDFC First said its senior management has volunteered to take a 10 percent cut in compensation for 2020-21.

Number of FII/FPI investors increased from 624 to 656 in Jun 2025 qtr.

Accumulate IDFC First Bank; target of Rs 21: Prabhudas Lilladher

Moneycontrol | 26 May 2020 5 more

IDFC First Bank Ltd.

26 May 2020

72.60

0.51%

Q4FY20 Result Update - Structural changes to keep return ratios dismal - Accumulate

Accumulate: IDFC First Bank Ltd.

Target

Prabhudas Lilladhar

loans. Few upsides in Q4 were (i) strong CASA growth of 27% QoQ moving up the ratio to 31.7%, up 810bps QoQ (ii) 40bps QoQ of NIM improvement to 4.24% led by continued mix change towards retail (grew 40% YoY) plus improvement in cost of funds due to sharp decline in bulk deposits replaced by retail and (iii) asset quality has held up especially in retail. Some niggling issues that will keep ROEs in lackluster are (i)steady asset growth as bank continues to adjust wholesale liabilities & assets, (ii)continued opex/assets on high retail focus and (iii)COVID impact on asset quality. may keep ROEs...

Number of MF schemes increased from 27 to 34 in Jun 2025 qtr.

IDFC First Bank Ltd.

26 May 2020

72.60

0.51%

IDFC First Bank

Buy: IDFC First Bank Ltd.

Target

ICICI Securities Limited

The bank had earlier provided with a watch list comprising stressed exposures. Total exposure to this stressed pool has reduced by | 313 crore QoQ at | 3205 crore with provision cover of ~49%, being maintained. Apart from this, it has provided 50% for telecom exposure worth | 3244 crore. With continued focus on balance sheet restructuring funded asset remained broadly stable at | 107400 crore. Within the same, wholesale book, as targeted, de-grew ~11% QoQ to | 39388 crore (infrastructure exposure declined 5% QoQ, corporate fell 15% QOQ). Retail book continued to grow...

Number of FII/FPI investors increased from 624 to 656 in Jun 2025 qtr.

IDFC First Bank Ltd.

23 May 2020

72.60

0.51%

IDFC First Bank (ADD): Retailisation trend continues

Accumulate: IDFC First Bank Ltd.

BOB Capital Markets Ltd.

IDFC First Bank's (IDFCFB) Q4FY20 PAT at Rs 715mn was driven by 40% YoY growth in NII.

IDFC First Bank Ltd. has gained 27.75% in the last 6 Months

IDFC First Bank Ltd.

22 May 2020

72.60

0.51%

IDFC First Bank Q4 results: Bank posts profit at Rs 71.54 crore, NII growth at 40%

Moneycontrol

Non-interest income grew sharply by 77 percent (down 16 percent QoQ) to Rs 483.77 crore compared to year-ago, while pre-provision operating profit jumepd 118 percent (down 24 percent QoQ) to Rs 520 crore in Q4FY20 YoY.