IDFC FIRST Bank has allotted 1,74,474 equity shares of face value of Rs 10/- each fully paid-up to the eligible employees, upon exercise of stock options vested with them under the 'IDFC FIRST Bank - ESOS'. Post allotment, the issued and paid-up equity share capital of the Bank stands increased from Rs 73,19,01,87,540 /- comprising of 7,31,90,18,754 equity shares of Rs 10/- each fully paid-up to Rs 73,19,19,32,280 /- comprising of 7,31,91,93,228 equity shares of Rs 10/- each fully paid-up. Powered by Capital Market - Live

IDFC First Bank has allotted 1,74,474 equity shares of face value of ₹ 10/- each fully paid-up to the eligible employees, upon exercise of stock options vested with them under the 'IDFC FIRST Bank - ESOS'. Post allotment, the issued and paid-up equity share capital of the Bank stands increased from Rs 73,19,01,87,540 /- comprising of 7,31,90,18,754 equity shares of Rs 10/- each fully paid-up to Rs 73,19,19,32,280 /- comprising of 7,31,91,93,228 equity shares of Rs 10/- each fully paid-up. Powered by Capital Market - Live

Net profit declined due to prudent provisions of Rs 568 crore including Rs 315 crore in MFI business (stress in MFI industry) and Rs 253 crore in one Maharashtra based toll account (recent waiver of toll fees at Mumbai entry points). Core operating profit (excluding trading gain) grew by 28% YOY from Rs. 1,456 crore in Q2 FY24 to Rs. 1,857 crore for Q2 FY25. Net interest income (NII) grew 21% YoY to Rs 4,788 crore during the quarter. Net interest margin reduced to 6.18% in Q2 FY25 as compared with 6.22% in Q2 FY24. Customer deposits increased by 32.4% YOY from Rs. 1,64,726 crore as of September 30, 2023 to Rs. 2,18,026 crore as of September 30, 2024. Retail Deposits grew by 37.4% YOY from Rs. 1,27,595 crore as of September 30, 2023 to Rs. 1,75,300 crore as of September 30, 2024. CASA Deposits grew by 37.5% YOY from Rs. 79,468 crore as of September 30, 2023 to Rs. 1,09,292 crore as of September 30, 2024. CASA Ratio stood at 48.9% as of September 30, 2024. Loans and advances (including credit substitutes) increased by 21.5% YoY from Rs. 1,83,236 crore as of September 30, 2023 to Rs. 2,22,613 crore as of September 30, 2024. The retail book of the bank grew by 25% YoY while the corporate (non-infrastructure) loans grew by 20.0% YoY during the quarter. Microfinance portfolio as per cent of overall loan book reduced from 6.3% in June 2024 to 5.6% in September 2024. Gross NPA was 1.92% as of September 30, 2024, against 2.11% as of September 30, 2023. Net NPA was 0.48% as of September 30, 2024, against 0.68% as of September 30, 2023. Including profits for Q2-FY25 and post the impact of merger, total CRAR as on September 30, 2024 would have been 16.60% with CET-1 ratio of 14.08%.  V Vaidyanathan, managing director and CEO, IDFC First Bank, said, 'Our core drivers are strong. Our brand, technology, and high service levels are enabling strong growth in deposits. Ability to grow deposits is a key strategic strength of the Bank. Deposits grew healthily at 32% YoY. Our CASA ratio sustained at 48.9%. Our PCR has now improved to 75%. We have created additional provisioning buffer of Rs. 315 crore for microfinance segment as a prudent measure. Bank has taken additional provision of Rs. 253 cr for one toll road related to Mumbai's entry point which was affected because of the State government waiving toll on LMV. Bank will recognize this back as profits depending on toll collections and the government's compensation to the client.' IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, Internet and mobile. The bank provides customized financial solutions to corporate, individuals, small and micro enterprises (SMEs), entrepreneurs, financial institutions and the government. Powered by Capital Market - Live

The Board of IDFC First Bank at its meeting held on 26 October 2024 has approved the appointment of Sudhir Kapadia (DIN: 05307843) as an Additional Director in the category of Independent Director of the Bank, to hold office for his first term of 4 (four) consecutive years commencing from 26 October 2024 till 25 October 2028 (both days inclusive), subject to approval of shareholders of the Bank. Powered by Capital Market - Live

Net profit of IDFC First Bank declined 71.62% to Rs 211.94 crore in the quarter ended September 2024 as against Rs 746.85 crore during the previous quarter ended September 2023. Total Operating Income rose 21.76% to Rs 8957.02 crore in the quarter ended September 2024 as against Rs 7356.27 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income8957.027356.27 22 OPM %29.9940.49 - PBDT245.09982.82 -75 PBT245.09982.82 -75 NP211.94746.85 -72 Powered by Capital Market - Live

IDFC FIRST Bank announced that CRISIL Ratings has assigned 'CRISIL AAA/Stable' rating to Rs 1,60,000 crore Fixed Deposits of the Bank. Further, CRISIL has re-affirmed CRISIL AA+/Stable' rating and 'CRISIL A1+' rating to the Tier-II bonds (under Basel III) of the Bank amounting to Rs 8,000 crore and Certificate of Deposits amounting to Rs 45,000 crore, respectively. Powered by Capital Market - Live

IDFC First Bank Ltd is down for a fifth straight session today. The stock is quoting at Rs 71.17, down 0.56% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.2% on the day, quoting at 24804.2. The Sensex is at 81203.95, down 0.03%.IDFC First Bank Ltd has lost around 3.85% in last one month.Meanwhile, Nifty Bank index of which IDFC First Bank Ltd is a constituent, has eased around 3.74% in last one month and is currently quoting at 52094.2, down 0.03% on the day. The volume in the stock stood at 159.98 lakh shares today, compared to the daily average of 305 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 70.07, down 1.68% on the day. IDFC First Bank Ltd tumbled 17.67% in last one year as compared to a 28.64% rally in NIFTY and a 20.69% spurt in the Nifty Bank index.The PE of the stock is 18.64 based on TTM earnings ending June 24.Powered by Capital Market - Live

IDFC First Bank will hold a meeting of the Board of Directors of the Company on 26 October 2024.Powered by Capital Market - Live

The re-appointment will be effective from 19 December 2024 and it will extend for a period of three years, concluding on 18 December 2027. IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, Internet and mobile. The bank provides customized financial solutions to corporate, individuals, small and micro enterprises (SMEs), entrepreneurs, financial institutions and the government. The private bank's standalone net profit declined 11% to Rs 680.65 crore in Q1 FY25 as compared to Rs 765.16 crore recorded in Q1 FY24. Total income jumped 25.7% to Rs 10,407.75 crore in Q1 FY24 as against to Rs 8,281.54 crore posted in the corresponding quarter previous year. The scrip shed 0.04% to Rs 73.78 on the BSE.Powered by Capital Market - Live

IDFC First Bank Ltd rose for a fifth straight session today. The stock is quoting at Rs 75.52, up 2.57% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24824.75. The Sensex is at 81098.08, up 0.24%. IDFC First Bank Ltd has dropped around 1.4% in last one month. Meanwhile, Nifty Bank index of which IDFC First Bank Ltd is a constituent, has dropped around 1.49% in last one month and is currently quoting at 50685.55, up 0.63% on the day. The volume in the stock stood at 246.18 lakh shares today, compared to the daily average of 329.01 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 75.61, up 2.55% on the day. IDFC First Bank Ltd is down 18.14% in last one year as compared to a 27.67% gain in NIFTY and a 14.67% gain in the Nifty Bank index.The PE of the stock is 19.18 based on TTM earnings ending June 24.Powered by Capital Market - Live