Page 8 - Idfc First Bank
IDFC First Bank to raise Rs 2,000 cr capital from promoter, Warburg Pincus, 3 others
Under the fundraising, the equity shares will be issued at Rs 23.19 apiece to the existing and new investors, subject to shareholders' nod and other approvals.
IDFC First Bank hits new low as MD & CEO Vaidyanathan sells 27 mn shares
V. Vaidyanathan, MD & CEO of the bank sold 27 million shares on Thursday for approximately Rs 58 crore and intends to sell about Rs 35 crore worth of stocks today to close ESOP loan availed by him.
 "IDFC First Bank hits new low as MD & CEO Vaidyanathan sells 27 mn shares")
Private lenders' 'act of kindness' to YES Bank irks investors
Peers investing indicates other investors' reluctance; banks must conserve capital first before bailing out the private lender
 "Private lenders' 'act of kindness' to YES Bank irks investors")
IDFC First Bank plans to invest Rs 250 crore in crisis-hit YES Bank
The authorised capital of Yes Bank has been increased to Rs 6,200 crore, Finance Minister Nirmala Sitharaman said on Friday.
IDFC First Bank to raise up to Rs 2000 cr in tier-II debt capital via bonds
Funded assets of the bank rose marginally to Rs 1.06 trillion in December 2019 from Rs 1.04 trillion a year ago
 "IDFC First Bank to raise up to Rs 2000 cr in tier-II debt capital via bonds")
IDFC First Bank posts pre-tax loss of Rs 1,623 crore in Q3
Makes heavy provision for telecom and legacy infra loan
 "IDFC First Bank posts pre-tax loss of Rs 1,623 crore in Q3")
Voda Idea tanks 39% on AGR blow but Airtel jumps as analysts remain bullish
With this, the telcos will have to together pay an estimated Rs 1.47 trillion in AGR dues that include penalties and interest on penalties by January 23.
 "Voda Idea tanks 39% on AGR blow but Airtel jumps as analysts remain bullish")
Retail, telecom help RIL beat Indian Oil to be number one player by revenue
Fortune India list shows RIL as India's top firm in FY19
 "Retail, telecom help RIL beat Indian Oil to be number one player by revenue")
Derivatives strategy on IDFC First Bank by HDFC Securities
Derivative call by Nandish Shah, Technical Analyst, HDFC securities
 "Derivatives strategy on IDFC First Bank by HDFC Securities")
Rupee only emerging Asian currency to slide this qtr; losses to gather pace
The rupee dropped to 72.2425 per dollar earlier this month, a whisker away from a nine-month low of 72.4075 set in September.
 "Rupee only emerging Asian currency to slide this qtr; losses to gather pace")
I am building a bank for the long run: IDFC First Bank CEO V Vaidyanathan
IDFC First Bank CEO talks about the journey so far and the road ahead for the bank
 "I am building a bank for the long run: IDFC First Bank CEO V Vaidyanathan")
IDFC First Bank progressing on its promises after performance lull
Reasonable improvement in deposit accretion and sharp increase in profitability are the key achievements in Sept quarter
 "IDFC First Bank progressing on its promises after performance lull")
IDFC First Bank reports Q2 loss of Rs 680 cr on one-time tax impact
The profit before tax came at Rs 100 crore, as against a loss of Rs 583 crore in the year-ago period
 "IDFC First Bank reports Q2 loss of Rs 680 cr on one-time tax impact")
Derivative strategy from HDFC Securities: Buy IDFC First Bank
Views on derivative call by Nandish Shah, Senior Technical & Derivative Analyst, HDFC securities.
 "Derivative strategy from HDFC Securities: Buy IDFC First Bank")
IDFC First Bank gains 14% in two days post June quarter results
The stock rose 10 per cent to Rs 43 on Friday, gaining 14 per cent in the past two trading days on the BSE.
 "IDFC First Bank gains 14% in two days post June quarter results")
Street cautious about IDFC First Bank's ability to achieve its goals
The Street is cautious about the bank's ability to achieve its goals
 "Street cautious about IDFC First Bank's ability to achieve its goals")
ICRA downgrades long-term rating for IDFC First Bank from AA+ to AA
The rating action also factors in an increase in credit provisions on account of unanticipated fresh stressed exposures identified by the bank in Q4FY19, ICRA said
 "ICRA downgrades long-term rating for IDFC First Bank from AA+ to AA")
IDFC First Bank targets 5.5% NIM in 5-6 years on higher yield on loans
The retail loan portfolio, including SME credit, was over Rs 36,000 crore at end of Dec
 "IDFC First Bank targets 5.5% NIM in 5-6 years on higher yield on loans")
With merger complete, IDFC First Bank commences business on Wednesday
V Vaidyanathan will be the managing director and chief executive officer of the merged entity
 "With merger complete, IDFC First Bank commences business on Wednesday")
Capital First-IDFC merger creates IDFC First Bank; V Vaidyanathan to be CEO
New generation private sector IDFC Bank and non-banking financial company Capital First announced completion of their merger Tuesday, creating a combined loan asset book of Rs 1.03 lakh crore for the merged entity IDFC First Bank. "IDFC Bank and Capital First merged effective 18th December 2018. Merged entity to be called IDFC First Bank, subject to shareholders' approval," the firms said in a joint statement. Following the merger, the board of IDFC Bank approved the appointment of V Vaidyanathan, founder and chairman of Capital First Ltd, as Managing Director and Chief Executive Officer of the merged entity, said the statement. His appointment awaits shareholders' approval. Earlier in the day, the boards of IDFC Bank and Capital First met to take note of all requisite approvals and the order from National Company Law Tribunal; and approved the scheme of amalgamation, the statement said. The board of IDFC Bank also approved appointment of Rajiv Lall, Founder MD & CEO of IDFC Bank,
