menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

IDFC First...
source image

Bloomberg Quint

1d

read

37

img
dot

Image Credit: Bloomberg Quint

IDFC First Bank Shares At Over One-Month High As Total Business Grows 23%

  • Shares of IDFC First Bank Ltd. rose to the highest level in over a month on Thursday after its total business grew 23% to Rs 4.8 lakh crore in the last financial year.
  • The private sector bank's loans and advances rose 20% year-on-year to Rs 2.4 lakh crore. Customer deposits jumped 25% to Rs 2.4 lakh crore.
  • IDFC First Bank's CASA ratio stands at 46.9% in the January–March quarter compared to 47.7% in the previous quarter, the exchange filing said.
  • Shares of IDFC First Bank rose as much 6.49% on the NSE to 60.90 apiece, the highest since Feb. 21. The stock was trading 5.65% higher at Rs 60.42 as of 2:48 p.m., compared to a 0.35% decline in the benchmark Nifty.

Read Full Article

like

2 Likes

For uninterrupted reading, download the app