IDFC First Bank Ltd. share price target

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...

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

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...

Net Interest Income (NII) has grown by 12.6% on a sequential basis, with Net Interest Margin (NIM) improved to 3.86%, compared to 3.01% in the previous quarter. Currently Gross/Net NPA stands at 2.83%/1.23% compared to 2.62%/1.17% in Q2FY20, while 7x sequential increase in provisions has pulled down the net income for the quarter. The cost to income (C/I) ratio stood at 73.52% in Q3FY20. We expect loans & advances to grow at a CAGR of 18% over FY20E22E and NII to grow at a CAGR of 35% over the same period....

Led by stress within legacy book, GNPA ratio increased 21 bps QoQ to 2.83% though retail GNPA remained stable at ~2.26%. The bank has provided a watchlist of legacy exposure towards various sectors i.e. financial, logistic, infrastructure, energy & telecom encompassing total exposure at ~| 6700 crore (including | 3245 crore to one telecom account). The management through its prudent approach has maintained ~51% PCR on watchlist. It is confident that major part of stress within legacy book has...

New merged entity - to ramp up retail loan assets IDFC First Bank is founded by the merger of erstwhile IDFC Bank and erstwhile Capital First on December 18, 2018. At present, the bank's...

IDFC First Bank has walked a long path of transformation starting from infrastructure finance NBFC to universal bank. To strengthen retail franchise, IDFC Bank & Capital First Ltd engaged into a merger to form IDFC First Bank in December 2018. The merged entity is the eighth largest private bank with funded asset at ~| 112558 crore (retail: wholesale 40:60) as of March 2019 and wide customer base of ~70 lakh. It is being headed by V Vaidyanathan, who has a proven track record at Capital First. IDFC First Bank has a pan...

NII grew to Rs. 489.84 Cr in Q1FY19 compared to Rs. 453.23 Cr in Q4FY18. IDFC Bank Ltd Q1FY19 results Comment

IDFC Bank Ltd Q3FY18 results comment NII grew to Rs. 494.96 Cr in Q3FY18 compared to Rs. 461.88 Cr in Q2FY18

IDFC and Shriram group announced a 90-day exclusivity period to discuss a merger. The plan is to merge IDFC Bank with Shriram City Union Finance (SCUF); whereas Shriram Transport Finance (SHTF) and other Shriram group entities (life insurance, general insurance, AMC) will be separate subsidiaries of..