IDFC First Bank Ltd. share price target

Demerged from IDFC, IDFC bank has formed and forayed into banking business from 2015. It has started its journey by launching 23 branches across India on October 2015. Since 2015, IDFC Bank has expanded its branches and took the total number of branches to over 300, having presence in 20 states and servicing to 1.4 million customers. On 6th November 2015, IDFC bank shares were listed in Indian bourses and paved the way for the investors to unlock the value of their investments. The bank is equipped with professional management...

NII decreased to Rs. 502.08 Cr in Q4FY17 compared to Rs. 520.77 Cr in Q3FY17.

Demerged from IDFC, IDFC bank has formed and forayed into banking business from 2015. It has started its journey by launching 23 branches across India on October 2015. Since 2015, IDFC Bank has expanded its branches and took the total number of branches to 300, having presence in 7 states and servicing to 1.1 million customers. On 6th November 2015, IDFC bank shares...

Demerged from IDFC, IDFC bank has formed and forayed into banking business from 2015. It has started its journey by launching 23 branches across India on October 2015. Since 2015, IDFC Bank...

Investment to keep RoE benign; dropping coverage IDFC Bank's PAT came in at | 264.8 crore, higher than our estimate of | 173.2 crore, led by strong growth of 19.7% QoQ in NII. Growth in other income at | 212.8 crore; up 54.6% QoQ, supported the topline Operating expense declined 6% QoQ to | 276.8 crore. Increase in income coupled with a decline in opex has led to an improvement in cost income ratio at 39% in Q1FY17 compared to ~50% in Q4FY16 Asset quality has remained resilient with absolute GNPA remaining...

IDFC Bank's PAT came in lower at | 165.1 crore in Q4FY16 (| 242.2 crore in Q3FY16), below our estimate of | 246 crore, primarily led by a surge in opex at | 294.7 crore, owing to increase and head count...