IDFC First Bank

CCI approves merger of IDFC limited and IDFC First Bank

The Competition Commission of India has given its approval for the proposed merger between IDFC Limited and IDFC First Bank, marking a significant milestone in the creation of a unified financial services powerhouse.

IDFC First Bank’s board of directors granted approval for the merger of IDFC Limited and IDFC First Bank

IDFC First Bank and IDFC LTD will combine in a ratio of 155:100.

IDFC First Bank reports 168% YoY surge in net profit to Rs 342 crore in Q4

The net interest income (NII) rose 36% YoY to Rs 2,669 crore in Q4FY22, it was Rs 1,960 crore in the same quarter the previous year.

IDFC First Bank reports 49.6% rise in net profits for Q2FY22

On a consolidated basis, IDFC First Bank posted a net profit of Rs 110.95 crore, slightly up from Rs 109.03 crore.

IDFC First Bank expresses concerns over its exposure to Vodafone Idea

IDFC First Bank reports loss of Rs. 854 crore in June quarter

The loss is due to slippage in a Mumbai-based toll road account. The bank reported a net loss of Rs. 630 crores in Q1 FY22.

IDFC First bank to launch contactless debit card payment next week

IDFC First Bank is set to launch SafePay, a digital facility allowing contactless debit card payments next week. The user would be able to simply wave one’s smartphone against a Near Field Communication (NFC)-enabled POS terminal to conduct the payment.