IDFC First Bank Ltd (BOM:539437) reports robust growth in deposits and operating profit, while addressing challenges in microfinance and cost management.

Despite robust growth in deposits and loans, IDFC First Bank Ltd faces profitability challenges due to significant provisions in the microfinance and infrastructure sectors.

IDFC First Bank Ltd (BOM:539437) reported a strong year-on-year growth in deposits of 32%, reaching INR218,000 crores, which supports loan growth. Retail deposits increased by 37% year-on-year, ...

The record date for merger of IDFC First Bank and IDFC Ltd is October 10 and, therefore, NSE Indices will be making the necessary adjustments today during the last 30 minutes of trading. With this ...

IDFC-IDFC First Bank Merger: Shares of IDFC First Bank Limited, private lender, will remain in focus next week because of the record date of the merger proposal. In its meeting held last month on ...

IDFC shareholders will receive 155 equity shares of ₹10 each in IDFC FIRST Bank for every 100 equity shares of ₹10 held by IDFC.

IDFC First Bank completed its merger with IDFC Limited, effective October 1, 2024, following necessary approvals. Shareholders will receive 155 bank shares for every 100 IDFC shares. The merger ...

IDFC First Bank on Friday announced the completion of merger of IDFC Limited with the bank. This follows the receipt of all requisite shareholder and regulatory approvals, the bank said in a ...

IDFC FIRST Bank, in its Board meeting held today, announced the completion of merger of IDFC Limited with IDFC FIRST Bank, following the receipt of all requisite shareholder and regulatory ...

IDFC stated that the merger of IDFC FHCL with IDFC Limited will take effect on September 30, 2024, while the merger of IDFC Limited with IDFC FIRST Bank will be effective from October 1, 2024.