The corresponding figure in the previous financial year read Rs 165.10 crore
IDFC Bank's campaign for Aadhaar Pay builds a case for digital payments in a light-hearted manner
Board to meet next month to mull issue; disclose quantum of funds to be raise not disclosed
The stock dipped 4% to Rs 68.15 on the NSE in intra-day trade after more than 2% equity of IDFC Bank changed hands through block deals
Net interest income stood at Rs 509.9 crore, slightly down from Rs 515.2 crore in first quarter of FY17
Rich valuations could cap upside for the IDFC Bank stock in the near term. But an approval to merge IDFC into the bank will aid the parent's share price
In the last few months, the bank has aggressively turned its focus on retail
The stock hit an intra-day high of Rs 81, rallied 59% from Rs 51 since July 25, post Q1FY17 results.
Interview with Managing director, IDFC Bank
Bank will not focus on niche platforms focused on high-end customers, but on those that bring to it mass and mass-affluent customers
This comes after Vinod Rai, the former CAG chief, stepped down after serving on the board for a year
The lender had stated it was in talks with the regulator to explore the possibility of a merger
The lender also plans to expand its footprints across 10 states and 20 cities by the end of FY17
Lender had listed on the bourses only last year and therefore the year-on-year comparative figure isn't available
Analysts say the bank won't gain significant benefits from acquisition of the MFI
Positioning itself as a tech-savvy and innovative partner, the newly minted bank is using digital media to reach out to the urban youth
Bharat Banking tying up with states for vaious schemes and to provide microfinancing
NBFCs gear up to apply for on-tap bank licences
Q4 net declined 32% to Rs 165 crore q-o-q while Gross NPAs rose 6.2% compared with 3.09% in Dec 2015 quarter
At present, corporate loans consist 95 per cent of total credit while retail loans are just about 5 per cent