IDFC First Bank Ltd.

IDFC First Bank Q1 results: PAT soars 61.3% YoY to Rs 765 crore, NII grows 36%

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IDFC First Bank Q1 results: PAT soars 61.3% YoY to Rs 765 crore, NII grows 36%

MUMBAI – IDFC First Bank Ltd reported a 61.3% year-on-year (YoY) rise in net profit for the quarter ended June to Rs 765 crore. Total income from operations grew 43.3% on year to Rs 8,282 crore. Net interest income, the difference between interest earned and interest expended, rose 36% YoY to Rs 3,745 crore. Operating … Read more

IDFC First, IDFC reverse merger plan back on table

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IDFC First, IDFC reverse merger plan back on table

Mumbai: Four years after it was first suggested, the proposal of a reverse merger between IDFC First Bank and IDFC Ltd has been revived, two top industry sources told ET. This will involve the holding company being absorbed by the bank, which will seek regulatory approval for such a move on the grounds that it … Read more