IDFC First Bank

Idfc: IDFC First Bank slips, IDFC hits record high after merger approval – Times of India

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[ad_1] Shares of private lender IDFC First Bank fell as much as 6% on Tuesday, while those of IDFC rose as much as 6% after the bank’s board on Monday approved a reverse merger of the two firms in a bid to simplify their corporate structure and ease regulatory compliance.Under the proposed deal, non-bank lender … Read more

IDFC First Bank PAT More Than Doubles To Rs 803 Crore In Q4

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[ad_1] New Delhi: Private sector lender IDFC First Bank on Saturday reported a 134 percent jump in profit after tax (PAT) to Rs 803 crore for the March 2023 quarter, driven by strong growth in core operating income. The bank’s net profit was Rs 343 crore in the year-ago period. “Net Profit for the year stood … Read more