IDFC First Bank share price today, history, future prediction

Using the Prices website of IDFC First Bank Ltd., you may record information on Price and Volume at a period that you choose for yourself. The Live Stock Price and Volume, 52-Week High Low, Bid and Offer Price and Volume, Intraday and Historical Price Charts, and the Live Stock Price and Volume are all included.

IDFC First Bank Share Price Today

Identity Fund Corporation Limited (IDFC Limited) received in-principle clearance from the Reserve Bank of India in 2014 to establish a new private sector bank in Mumbai. The Limited then transferred its infrastructure financing assets and liabilities to a new company, IDFC Bank, due to this transaction. In November 2015, the Bank was established due to the demerger from IDFC.

Previous Close
41.70
Open
42.50
Volume
55,411,658
3M AVG Volume
655.41
Today’s High
43.90
Today’s Low
41.75
52 Week High
62.00
52 Week Low
37.60
Shares Out (MIL)
6,217.71
Market Cap (MIL)
259,278.40
Forward P/E
67.42
Dividend (Yield %)

IDFC Bank was founded by the Indian Development Finance Corporation (IDFC) and the Indian Banks for Reconstruction and Development (IBRD). It began operations on October 19, 2015, with 23 branches spread across Madhya Pradesh, Delhi, Mumbai, Hyderabad, Bengaluru, Pune, Chennai, Ahmedabad, and Kolkata. From now till 2022, it will have more than 600 branches in India. Fifteen units are located in towns with fewer than 10,000 people each. Honnali, Karnataka, was the site of IDFC Bank’s 100th branch, which opened in October of that year.

idfc first bank

The merger of IDFC Bank and Capital First, a non-banking financial organization, was announced in January 2018. On December 18, 2018, IDFC First Bank was established as a new corporation. It was planned to issue 13.9 shares of the newly formed corporation to Capital First stockholders for every one share of Capital First stock.

History of IDFC Bank

According to the Bank, the aadhaar-linked cashless merchant solution from Bank is the first of its kind in India. Private and corporate clients of the Bank are served, emphasizing the infrastructure industry, which IDFC has specialized on since its inception. The Bank also targets people living in rural regions and self-employed people.

Date Price Min Price Max Price
2022-04-05  39.425  38.242  40.641
2022-04-06  40.399  39.209  41.600
2022-04-07  40.611  39.426  41.794
2022-04-08  40.924  39.793  42.125
2022-04-11  39.260  38.052  40.437
2022-04-12  38.649  37.521  39.853
2022-04-13  39.623  38.463  40.769
2022-04-14  39.835  38.593  40.989
2022-04-15  40.148  39.043  41.336

 

Its most outstanding loan into e-commerce was Rs. 3 billion (US$39 million) loan to Flipkart, which was one of its most significant loans overall in the sector. An agreement between Bank and digital payments solution provider MobiKwik was signed on November 8, 2017, resulting in creation of a co-branded virtual Visa prepaid card for MobiKwik users.

On March 11, 2020, the Bank announced that Amitabh Bachchan had been named its first brand ambassador. It has stated that it will enter the credit card business in 2022, offering low-interest rates and interest-free credit for a limited period.

IDFC Bank Information and Facts

A banking organization with its headquarters in India, IDFC FIRST Bank Limited is one of the largest in the world. Treasury, Corporate/Wholesale Banking, and Retail Banking are the company’s three business sectors, respectively. The Treasury division principally comprises the Bank’s investment portfolio, money market borrowing, lending, investment activities, and the Bank’s complete foreign currency and derivatives portfolio and operations.

It is the responsibility of the Corporate/Wholesale Banking sector to supply corporate relationships with loans, non-fund facilities, and transaction services that are not covered by the Retail Banking and syndicate segments.

In the Retail Banking sector, lending to people and business banking clients is conducted via the branch network and other delivery methods, depending on the customer’s orientation, product type, the granularity of exposure, and the dollar amount of the loan. More than 677 automated teller machines are available at the company’s roughly 596 branch locations (ATMs).

Frequently Asked Questions

What is the IDFC First Bank stock price/share price today?
The IDFC First Bank stock price today is 41.700 INR.

Will IDFC First Bank stock price grow / rise / go up?
It is true. Over one year, the Bank Ltd stock price could increase from 41.700 INR to 46.300 INR.

Is it profitable to invest in IDFC First Bank stock?
Yes. One year’s earnings are expected to be 110.3 percent.

DMER Homepage Click Here

Leave a Comment