UBS bought over 81 lakh shares in IDFC Limited on Wednesday for Rs 88 crore through UBS Principal Capital Asia Limited via a block deal. The shares were purchased at a price of Rs 107.92 apiece. IDFC Limited shares will be suspended from trading with effect from Thursday, October 10 which is the record date … Read more
Domestic markets edged higher for the second consecutive week, moving closer to record highs, supported by favorable cues. In today’s trade, shares of Trent, BEL, LTIMindtree, Ambuja Cements, Alembic Pharma, Transport Corp among others will be in focus due to various news developments. Transport CorporationTransport Corporation of India announced that it will conduct its first-ever … Read more
Fintech firm Credilio unveiled novio – an app to widen the credit card landscape for over 400 million UPI active customers. novio aims to make financial inclusion and credit card lifestyle accessible for every Indian household, the firm said in an official statement. novio has introduced a guaranteed card concept, allowing users to build their … Read more
New Delhi, Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lender. The National Company Law Tribunal (NCLT) convened a meeting on May 17 through video conferencing and other audio-visual means to consider and approve the composite scheme of amalgamation for IDFC First … Read more
A steady June quarter earnings with lower provisions triggered buying action in IDFC First Bank shares on Monday as it jumped over 2% to the day’s high of Rs 85.75 on the NSE. The stock, which is at a kissing distance from its 52-week high of 86.10, saw over 2.4 crore shares changing hands around … Read more
V Vaidyanathan, Director & CEO, IDFC First Bank, says “we are very profitable now and have posted PAT of Rs 2,400 crore last year and you know the trajectory. Let me just say that all the items are behind us. Now even the corporate streamlining is behind. I really think that in the next three … Read more
“So obviously your GDP because you have net exports, takes a bit of a hit. You give up some of the GDP gains but over and above that you actually gain vis-à-vis the lower crude prices and the impact on BOP is not as meaningful,” says Jigar Mistry, Co-Founder, Buoyant Capital. Can you just set … Read more
“If you look at the IDFC First Bank numbers last two to three quarters, they are best in class on almost all financial parameters. They are amongst the number one or two within the space,” says Dipan Mehta, Director, Elixir Equities.The Citibank acquisition is coming, I would say, at a discount to what the original … Read more
“I think there really is a good amount of customer service and good products that we have in the market place and also goodwill is fantastic for our bank. So it is all coming together,” says V Vaidyanathan, MD & CEO, IDFC First Bank.Your deposit growth is 44% while the industry is facing some pressure. … Read more
“Kotak itself is a big bank now. So again the point is that given its huge underperformance it is possible that it can outperform in the near term but then given that its valuations are much higher than that of most larger banks, it will be tough for it to outperform significantly,” says Sandip Sabharwal, … Read more