IDFC First Bank Q2 loss at Rs 680 cr on one-time tax impact; shares jump 8% after lender posts PBT of Rs 100 cr in September quarter
IDFC Bank reduced its loan book by over Rs 5,000 crore to focus only on retail loans during the quarter, which now constitutes 45% of the book.
Most banks fail on policies of climate change, human rights; inaction leaves sector vulnerable to investment risks: Report
As per the Fair Finance Guide India scorecard, three out of eight Indian banks have scored high on parameters of financial inclusion and corruption.
IDFC Bank got merged with non-banking financial company Capital First to create IDFC First Bank
Capital First and IDFC Bank completed the merger in December 2018 and this is the maiden earnings of the merged entity
As part of the merger agreement, shareholders will receive 139 shares of IDFC Bank for each 10 shares held of Warburg Pincus-backed Capital First.
IDFC Bank will seek shareholders' nod next month to change its name to IDFC First Bank Ltd in the process of amalgamating Capital First and its entities.
IDFC Bank logs net loss of Rs 370 crore in Q2 on higher NPA provisioning; gross bad loans stand at Rs 894.50 crore
IDFC Bank had posted a net profit of Rs 233.66 crore in the corresponding July-September period of 2017-18
IDFC Bank's total income dropped to Rs 2,519.87 crore in the April-June quarter of 2018-19 from Rs 2,793.98 crore in the year-ago period
Falling rupee, surging oil prices push retail inflation to five-month high of 5% in June; RBI may raise rates in August
June was the eighth straight month in which inflation was higher than the RBI’s medium-term target of 4 percent.
IDFC Bank, Capital First get Reserve Bank of India's nod for merger; deal set to create Rs 88,000 crore combined entity
IDFC Bank said it has received RBI's approval for merger of Capital First, Capital First Home Finance and Capital First Securities with the company
Biocon, HDFC Std Life Insurance, InterGlobe Aviation, Avenue Supermarts to be added to MSCI India index
The changes in the constituents for MSCI India domestic index will take place as of close of 31 May, 2018, MSCI India announced on Monday
In terms of the quantum, Punjab National Bank (PNB) had reported the highest amount of frauds at Rs 2,810 crore in the last financial year, followed by Bank of India at Rs 2,770 crore, State Bank of India at Rs 2,420 crore and Bank of Maharashtra at Rs 2,041 crore
Bandhan Bank files for Rs 2,500 cr IPO: Charting the institution's growth from a micro lender to bank
In April 2014, Bandhan was one of the two entities, another was IDFC, that won banking licence from the RBI defeating big companies in the fray
Retaining a cautious stance could cause tension with a government keen to lift the economic growth from January-March's 6.1 percent - fast by global standards but the lowest in over two years.
Tax compliance will lead to higher revenue for both the central and state governments and enable them to fulfil their social objectives.
Currently, Airtel and India Post are the only players that have started Payments Bank operations.
Aadhaar Pay allows customers to make purchases at shops through electronic transactions without having to use plastic cards or mobile phones.
Patel, a deputy governor since 2013, had been known within the RBI as reserved. He is widely regarded as having the professional and academic credentials to succeed, but the governor's role also involves communicating, some bankers say.
Watch the video to know how a Micro ATM works. We have featured an IDFC Micro ATM, but each bank has its own machine and may not have all the features shown in the video. But, they would allow you to withdraw, deposit cash and do basic funds transfer.
Analysts expect the food inflation to ease as the good monsoon will take effect from September onwards causing tapering of the overall CPI inflation