The board of directors of the private lender has fixed 11 July 2025 as record date for finalising the list of eligible ...

The Reserve Bank of India has given its approval to Currant Sea Investments B.V., a unit of Warburg Pincus, to acquire up to ...

According to Sugandha Sachdeva, Founder of SS WealthStreet, IDFC First Bank had been under sustained time-wise and price-wise correction since September 2023, after testing a high of ₹100.70 mark.

IDFC First Bank's standalone book value would increase by 4.9% as a result of the deal, the lender said. IDFC First Bank had a loan book of 1.61 trillion rupees and a balance sheet size of 2.4 ...

The board of directors of IDFC and IDFC Financial Holding approved merger both the entities and announced a share exchange ratio of 155 shares of IDFC FIRST Bank for every 100 shares held in IDFC.

As of June 30, 2023, IDFC Limited through its non-financial holding company has 39.93% shareholding of IDFC First Bank. IDFC First Bank claims 4-year CAGR of 36% since the merger to reach Rs 1 ...

IDFC, through its non-financial holding company, holds a 39.93 percent stake in IDFC First Bank. After the merger, the book value per share of the bank will increase by 4.9 percent, as calculated ...

IDFC First Bank is looking to raise ₹20 billion ($243.84 million) in equity capital in the second half of the current financial year, a source familiar with the matter said.

IDFC First Bank said its proposed deal would boost the bank's standalone book value by 4.9% as of March 31, 2023 and aims to increase its balance sheet by 20-25% per year in the near to medium term.

Shares of IDFC rose 6% to close at 109.1 on the stock exchange on Monday, while IDFC First Bank was up 3.2% at 81.94 ahead of the announcement.

India Business News: NEW DELHI: Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lend.

NCLT approves IDFC First Bank's amalgamation scheme with overwhelming majority, shareholders and NCD holders in favor. SENSEX 82,330.59 -200.15. NIFTY 25,019.80 -42.30 ...