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Shares of IDFC First Bank fell after the lender reported weaker-than-expected asset quality in the first quarter of the current financial year. The bank reported a net loss of Rs 630 crore in the April-June quarter, compared with a net profit of Rs 94 crore a year ago.
Will IDFC First Bank stock price grow / rise / go up? Yes. The Idfc Bank Ltd stock price can go up from 49.650 INR to 64.970 INR in one year.
Is IDFC good for long-term?
IDFC Bank provides a good investment opportunity though returns will be lower in the first few years due to investment in technology, manpower and infrastructure. The pace at which the bank would attract retail customers and reforms in the power sector will be key triggers that investors should watch out for in future.
How strong is IDFC First bank?
IDFC FIRST Bank now has a strong funded asset base of more than ₹ 1,10,400 crore with 37\% in the retail segment. Its quarterly annualised Net Interest Margin has expanded from 1.9\% to 3.0\% post-merger.
Can IDFC First Bank become multibagger?
More more money will be made in the tier two, tier three banks like IDFC or RBL or Federal Bank and may be some of the weaker PSU banks. These sort of banks would turn out to be multibaggers over the next 3-4 years.”
Is IDFC First Bank safe investment?
9,594 crore as on June 30, 2019. The various other positive aspects include high growth in net interest margins and improved cost to income ratio. The second aspect to note is that the deposits are AAA rated by CRISIL, which is the highest level of safety.
Can we trust IDFC Bank?
The second aspect to note is that the deposits are AAA rated by CRISIL, which is the highest level of safety. This is for the bank’s fixed deposit programme. So, based on the above parameters, we can fairly conclude that the savings bank account of IDFC First is rather safe at the moment.
Why is the stock price of idfcfirstb IDFC First Bank Limited falling?
IDFCFIRSTB NEWS reasons for why stock price of Idfc First Bank Limited is falling or rising Indicator ADX is indicating that momentum is weak. Indicator RSI is indicating buying momentum and stock might rise. Recent prices of IDFCFIRSTB Idfc First Bank Limited are as follows: Daily volume is divided by 10 day averaged volume
Why ididfc First Bank’s net profit in Q4 FY20 strong?
IDFC First Bank in Q4 FY20 posted a net profit of Rs.72 Cr on account of a robust growth across Net Interest Income, Non-Interest Income, CASA deposits and Retail Loan Book. Also, there was a decline in provisions QoQ by almost 70\%, due to which Bank’s Net Profit has come into the positive territory for the first time since the merger.
How has the loan book of IDFC Bank increased over time?
Loan Assets: The Loan Assets of the Bank increased at a moderate pace over the years as the Bank inherited the legacy infrastructure financing book from its parent IDFC Ltd. In FY16, the Bank started the retail financing book and increased it to ` 9,916 crore contributing 13\% of the overall funded assets as of September 30, 2018.
What is the wholesale loan mix of IDFC First Bank?
However, as on Q4 FY20, Retail : Wholesale Loan Mix was 54\% : 46\%. It is mainly because of the Banks’s primary focus of building a Retail-Oriented Business Model and to Make IDFC First Bank a purely Retail-oriented Bank.