Page 4 of IDFC First Bank News

Bank board approves proposal; process to be completed this year

IDFC First Bank is targeting to reduce its gross non-performing assets (GNPAs) to below 2% in FY24.

This week will be important for both domestic and global markets. The US Federal Reserve’s interest rate decision, quarterly earnings…

As on March end, the bank’s gross non-performing asset ratio stood at 2.51%, lower than 3.70% a year ago.

HPCL-IDFC FIRST Bank Credit Card features and benefits: IDFC First Bank in association with HPCL and RuPay has launched a…

IDFC First Bank, is set to be a part of RBI’s pilot project to enable offline payments, the private sector…

It has invested in digital capabilities, branch expansion & products

IDFC First Bank is witnessing a strong demand for credit cards. However, it has decided to issue cards largely to…

The bank posted a bottom-line of Rs 605 crore in the December quarter, up nearly 9% on quarter.

On the occasion of its Foundation Day on 18th December, IDFC First Bank has announced ‘Zero-fee banking’ on savings accounts,…

About one infrastructure loan account, Mumbai Toll Road, which become NPA in the first quarter of this fiscal, it said…

The bank said its provisioning for the quarter came down by 11 per cent from a year ago to Rs…

The Bank has so far issued around 9 million FASTags. IDFC FIRST Bank enables payments via FASTag at close to…

The pilot is now running in more than 50 cities and towns. Right now, ten banks are in various stages…

The bank saw a loan growth of 21% y-o-y to Rs 1.4 trillion, with retail and commercial loans at 1.01…

On the key ratios, the capital adequacy stood strong at 15.77 per cent as of June 30, 2022, the bank…

Analysts have tracked derivatives data for the stocks and their historic volatility which leads them to believe that these two…

The policy has a one year waiting period for certain specific ailments along with reduced waiting time for pre-existing diseases.