CFM acquired GMR Rajahmundry Energy’s debt from Edelweiss ARC on June 30. Edelweiss bought ₹458 crore debt from IDFC Bank in 2018. Unmet return expectations led to Edelweiss exiting. Regulations permit ARC transfers only to another ARC. GMR restructured ₹2,353 crore debt, with a ₹395 crore equity infusion and a 9% floating rate over 20 years.

CFM acquires GMR Rajahmundry Energy debt from Edelweiss ARC

Banking stocks are witnessing decent traction and IDFC First Bank has witnessed a fresh breakout. It had been trading in a corrective phase for over 8 months

Stocks to buy on June 20: IDFC Bank, RBL, IGL; check target prices

The bullish trading in the IDFC Bank stock stems from the impending merger with IDFC and its entry into the MSCI Global Standard Index

IDFC First Enters Elite Club of Top 10 Most-Valued Listed Banks in India - News18

IDFC First Bank has board approval to raise ₹40 billion. It has already raised close to half that amount through a preferential allotment to IDFC Ltd.

‘IDFC Bank looks to raise ₹20 billion in fiscal 2024’

Bipin Gemani, a former chief financial officer of IDFC Bank, has been appointed as the company’s CFO and whole-time director with immediate effect till September 2024.

IDFC board extends term of MD Mahendra Shah, appoints Bipin Gemani as CFO

Vaidyanathan says once the deal is done, what one can expect from the bank is “diversified shareholding, large institutional investors, probably even getting into the MSCI index. That will frankly be a very big moment. We are looking forward to building a great bank.”

IDFC merger: V Vaidyanathan on what changes for IDFC Bank shareholders in short, medium and long term

BSE Sensex dropped 284.26 points, or 0.46 per cent, to settle at 63,238.89, while NSE’s Nifty50 shed 85.60 points, or 0.45 per cent, to end the day at 18,771.25 for the day.

Sensex falls 284 points, Nifty settles below 18,800; IDFC Bank falls 6%; HCC jumps 15%

IDFC Bank is entering a phase of strong loan growth as the drag from the wholesale book moderates, Motilal Oswal Securities said. It estimates a 25 per cent CAGR in loans during FY23-25.

IDFC First Bank, Sonata Software, Axis Bank, Siemens, Finolex: What analysts say on these 5 stocks

HDFC Bank has begun the pilot in a partnership with Crunchfish, IDFC Bank and M2P Fintech under the RBI’s regulatory sandbox programme after getting the nod in September 2022, it said. The lender will roll-out this service as part of a limited pilot for four months in more than 16 cities and towns a…

HDFC Bank begins offline payment pilot under RBI sandbox

The bank, which was created by the demerger of the infrastructure lending business of IDFC to IDFC Bank in November 2015, continued to wind down infrastructure financing and reduce single borrower exposure as per stated strategy.

IDFC First Bank net profit jumps 115% to Rs 605 crore

The financial creditors include Azim Premji Trust at Rs 227.20, IDFC Bank at Rs 214 crore, Yes Bank at Rs 71 crore and State Bank of India at Rs 45 crore, according to the document. Future Retail, the flagship company of Biyani, was admitted for insolvency proceedings last year. Lenders received 15 …

NCLT admits insolvency plea against Future Supply Chain Solution

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

IDFC Bank Limited is a banking company. The Bank's segments include treasury, corporate & wholesale banking and retail banking.