IDFC First Bank Ltd. News and Updates

Name: Latest research reports of IDFC First Bank Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: IDFC First Bank Ltd.
Rating: 4
Author: Prabhudas Lilladhar

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IDFC First Bank Ltd.

27 May 2020

67.09

0.33%

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.

IDFC First Bank Ltd. is trading above all available SMAs

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

Moneycontrol | 26 May 2020 5 more

IDFC First Bank Ltd.

26 May 2020

67.09

0.33%

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

IDFC First Bank Ltd.

26 May 2020

67.09

0.33%

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...

IDFC First Bank Ltd. is trading above all available SMAs

IDFC First Bank Ltd.

23 May 2020, 12:00AM

67.09

0.33%

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. is trading above all available SMAs

IDFC First Bank Ltd.

22 May 2020, 08:21PM

67.09

0.33%

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.

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

IDFC First Bank posts Q4 net profit of Rs 72 cr

Economic Times | 22 May 2020, 07:46PM 1 more

IDFC First Bank Ltd.

06 May 2020

67.09

0.33%

Rs 2,000 crore preferential issue to cushion bank against COVID-19 impact: IDFC First Bank

Moneycontrol

Covid-19, which is likely to have significant impact on economy, has prompted banks to make pre-emptive provisions.

IDFC First Bank Ltd. is trading above all available SMAs

IDFC First Bank Ltd.

05 May 2020

67.09

0.33%

Buy IDFC First Bank; target of Rs 25: ICICI Direct

Moneycontrol

ICICI Direct is bullish on IDFC First Bank has recommended buy rating on the stock with a target price of Rs 25 in its research report dated May 04, 2020.

IDFC First Bank Ltd. is trading above all available SMAs

IDFC First Bank Ltd.

04 May 2020

67.09

0.33%

IDFC First Bank

Buy: IDFC First Bank Ltd.

Target

ICICI Securities Limited

In an exchange notification, IDFC First Bank has informed exchanges that its board has approved raising of | 2000 crore equity capital by issuing ~86.24 crore shares through preferential route at | 23.19/share. Promoter IDFC Ltd will subscribe to ~34.5 crore shares maintaining its holding at 40%. Other investors include ICICI Prudential Life Insurance (~25.87 crore shares), HDFC Life Insurance (~8.6 crore shares), Bajaj Allianz Life Insurance (~8.6 crore shares) and Dayside Investment, an affiliated entity...