IDFC First Bank Share Price Live : IDFC First Bank trading at ₹98.37, down -0.08% from yesterday’s ₹98.45

The current data for IDFC First Bank Share Price is at ₹98.37. There has been a percent change of -0.08, indicating a slight decrease in value. The net change is also -0.08, aligning with the percent change. Overall, the stock has experienced a small decline in value. On the last day, IDFC First Bank’s stock opened at ₹95.32 and closed at ₹93.44. The stock reached a high of ₹98.47 and a low of ₹94.62. The 52-week high for the stock was ₹95.54 and the 52-week low was ₹45.6. The stock had a trading volume of 5,126,171 shares on the Bombay Stock Exchange. The market capitalization of IDFC First Bank stands at ₹64,495.71 crore.

Disclaimer: This is an AI-generated live blog and has not been edited by TheMoneyATLAS staff.

Top active options for IDFC First Bank : IDFC First Bank Share Price

Top active call options for IDFC First Bank at 05 Sep 13:26 were at strike price of ₹100.0 (Expiry : 28 SEP 2023) & ₹95.0 (Expiry : 28 SEP 2023) with prices ₹1.4 (-22.22%) & ₹2.8 (-21.13%) respectively.

Top active put options for IDFC First Bank at 05 Sep 13:26 were at strike price of ₹90.0 (Expiry : 28 SEP 2023) & ₹85.0 (Expiry : 28 SEP 2023) with prices ₹1.0 (-5.26%) & ₹0.3 (-14.29%) respectively.

Thanks to a stellar run in its shares this year, IDFC First Bank has entered the elite club of 10 most valuable listed lenders in India, replacing Union Bank of India and Canara Bank with a valuation of Rs 65,325 crore as of September 4. Union Bank of India has a market capitalisation (MCap) of Rs 65,251 crore, while Canara Bank is worth Rs 61,081.77 crore, according to BSE data.

HDFC Bank leads the league as India’s most profitable bank with a market cap of Rs 12 lakh crore, followed by ICICI Bank at Rs 6.77 lakh crore, and state-run State Bank of India at Rs 5.14 lakh crore. Kotak Mahindra Bank comes at the fourth spot, followed by Axis Bank, IndusInd Bank, Bank of Baroda, IDBI Bank and Punjab National Bank.

IDFC Bank in India’s Top 10 Most Valued Lenders by MCAP

IDFC Limited was set up in 1997 to finance infrastructure, focusing primarily on project finance and mobilization of capital for private sector infrastructure development. Whether it is financial intermediation for infrastructure projects and services, whether adding value through innovative products to the infrastructure value chain or asset maintenance of existing infrastructure projects, the company focused on supporting organizations to get the best return on investments. The Company’s ability to tap global as well as Indian financial resources made it the acknowledged experts in infrastructure finance.

Dr. Rajiv Lall joined the company in 2005 and successfully expanded the business to Asset Management, Institutional Broking, and Infrastructure Debt Fund. He applied for a commercial banking license to the RBI in 2013. In 2014, the Reserve Bank of India (RBI) granted an in-principle approval to IDFC Limited to set up a new bank in the private sector.

Following this, the IDFC Limited divested its infrastructure finance assets and liabilities to a new entity – IDFC Bank- through demerger. Thus, IDFC Bank was created by demerger of the infrastructure, lending business of IDFC to IDFC Bank in 2015. The bank was launched through this demerger from IDFC Limited in November 2015. During the subsequent three years, the bank developed a strong and robust framework including strong IT capabilities for scaling up the banking operations.

The Bank designed efficient treasury management system for its own proprietary trading, as well as for managing client operations. The bank started building Corporate banking businesses.

Recognizing the change in the Indian landscape, emerging risk in infrastructure financing, and the low margins in corporate banking, the bank launched retail business for assets and liabilities and put together a strategy to reutilize its loan book to diversify and to increase margins. Since retail required specialized skills, seasoning, and scale, the Bank was looking for inorganic opportunities for merger with a retail lending partner who already had scale, profitability and specialized skills.

Renewed Focus on Retail

IDFC FIRST Bank is born to be distinctly different from what it was earlier. It has a renewed focus on retail business with an intent to fast-forward its growth trajectory, and to serve many more customer segments that are growth-drivers of the Indian economy. Our new bank fuses state-of-the-art technology superior liability platform of erstwhile IDFC Bank with analytics-led lending capabilities, the retail DNA and strong profitability track record of erstwhile Capital First. It enables both the institutions to expand capabilities and reach and to better serve customers.

Thus, the merger sets the stage for the creation of a financially and strategically stronger entity. IDFC FIRST Bank now has a strong funded asset base of more than ₹ 1,10,400 crore with 37% in the retail segment.

Its quarterly annualized Net Interest Margin has expanded from 1.9% to 3.0% post-merger. The Bank now enjoys a leading position in some of the retail asset segments. The Bank’s tech-driven liabilities platform is ready to grow exponentially with a new focus on expanding footprint across the nation. The combined customer base is now 7.3 million and growing, with a significant share of it in India’s booming hinterland.

Customer Focused and Analytics Driven : IDFC First Bank Share Price

As a Bank, our approach is to keep banking simple, easy to know and easy to understand. We enable people to save, borrow, invest, grow, and protect their wealth. Our service is characterized by digitization, personalization and customer-centricity, in addition to extensive physical reach. In addition to the exceptional strengths of erstwhile IDFC Bank, we derive the required expertise from the unique business model of erstwhile Capital First. It deploys its greenfield method of assessing credit risk – a strength that has enabled it to lend extensively to first-time borrowers and yet maintain a healthy asset quality that has withstood the challenges of economic cycles and policy changes.

We are a people’s bank – for the salaried and self-employed, small businesses and micro-enterprises. With a specific emphasis on the underserved and first-time borrowers. The underserved segments are important to us. We also have the opportunity to bring these customers into the financial mainstream and touch their lives in a positive way.

Serving the new inspiring India

We believe an immense opportunity awaits us, as IDFC FIRST Bank starts to invest in customer-driven innovation that will create new liability products, new credit markets and new jobs – keeping in view the needs of a New India. By financing the growth of business and consumption, we not only participate in the growth of the country but also generate employment for millions. This, we believe, will lead to greater domestic production, greater consumption and will contribute to the virtuous cycle of growth of the nation. IDFC FIRST Bank is confident and ready to chart out its own destiny. It is now better positioned for growth in its business, deploy new digital channels, enter new markets and serve more customers.

About IDFC First Bank

IDFC FIRST Bank is a prominent banking institution in India that offers a wide range of financial products and services to individuals and businesses. Here is some key information about IDFC FIRST Bank:

1. Background and History:

IDFC FIRST Bank was formed after the merger of IDFC Bank and Capital First Limited in December 2018. It is headquartered in Mumbai, Maharashtra.

2. Banking Services:

IDFC FIRST Bank provides a comprehensive set of banking services, including savings accounts, current accounts, fixed deposits, recurring deposits, and various types of loans, such as personal loans, home loans, and business loans.

3. Digital Banking:

The bank places a strong emphasis on digital banking, offering customers the convenience of online and mobile banking for various transactions, bill payments, and account management.

4. Savings and Investment Products:

IDFC FIRST Bank offers a range of savings and investment products, including various types of fixed deposit accounts, recurring deposit accounts, and wealth management services.

5. Credit Cards:

The bank issues credit cards with various features and benefits, including cashback, rewards, and discounts on various transactions.

6. Priority Banking:

IDFC FIRST Bank provides priority banking services for its high-net-worth customers, offering them personalized financial solutions and dedicated relationship managers.

7. NRI Services:

The bank also caters to non-resident Indians (NRIs) by offering a suite of NRI banking services, including NRI accounts, remittances, and investment opportunities.

8. Branch Network:

IDFC FIRST Bank has a network of branches and ATMs across India, making it accessible to customers in various regions.

9. Corporate Social Responsibility (CSR):

The bank is actively involved in corporate social responsibility initiatives, focusing on areas like education, healthcare, and skill development.

10. Financial Inclusion:

IDFC FIRST Bank is committed to promoting financial inclusion and provides banking services to underserved and economically weaker sections of society.

11. Leadership:

The bank has a leadership team that includes experienced professionals from the banking and financial industry.

It’s important to note that the information provided here is based on my knowledge as of September 2021, and there may have been developments or changes related to IDFC FIRST Bank since that time. If you are interested in specific details about their products, services, or recent updates, I recommend visiting the official website of IDFC FIRST Bank or contacting them directly.

To compare IDFC First Bank’s share price over the past decade, you can follow these steps: Access Historical Stock Price Data: You can obtain historical stock price data for IDFC First Bank from various financial websites or stock market analysis tools. Some popular sources for historical stock data include Yahoo Finance, Google Finance, Bloomberg, or dedicated stock market analysis platforms.

Select the Timeframe:

Choose a timeframe that covers the last decade. This would typically be from the beginning of the decade (e.g., January 1, 2013) to the present (or the end of 2022). Plot the Data: Use the data you’ve obtained to plot IDFC First Bank’s share price over the selected timeframe. You can create a line chart or candlestick chart to visualize the price movements.

Analyze Trends: Examine the chart for trends, including upward or downward movements, periods of volatility, and any significant events or news that may have influenced the share price. Calculate Returns: You can also calculate the percentage returns over the decade to see how the stock has performed. Compare the initial price at the start of the decade with the current price or the price at the end of 2022.

Consider Dividends:

If you are interested in total returns, don’t forget to account for any dividends paid by IDFC First Bank during this period. Dividends can significantly impact the overall return on investment. Additional Analysis: To gain deeper insights, you can also compare IDFC First Bank’s performance to relevant stock market indices or industry peers to assess its relative performance.

Keep in mind that past performance is not indicative of future results, and stock prices can be influenced by a wide range of factors, including economic conditions, company performance, regulatory changes, and market sentiment. Therefore, it’s important to conduct thorough research and consider multiple factors when evaluating a stock’s performance.