Latest news with #IDFCFirstBank
News18
2 days ago
- Business
- News18
IDFC First Bank In Focus As RBI Clears Warburg's 9.99% Stake Investment
This development follows a similar clearance granted by the Competition Commission of India (CCI) on June 3 for the proposed investment. Currant Sea had sought the CCI's approval in April for the stake acquisition. The regulatory approvals come shortly after IDFC First Bank's shareholders voted against appointing a non-retiring board member from Currant Sea Investments. The proposal received only 64.1 percent support, falling short of the 75 percent approval required under corporate governance norms. Previously, Warburg Pincus and the Abu Dhabi Investment Authority (ADIA) had announced a joint investment commitment of Rs 7,500 crore in IDFC First Bank through compulsorily convertible preference shares. As part of this plan, IDFC First Bank will issue 81.26 crore preference shares to Currant Sea Investments and 43.71 crore shares to ADIA-backed Platinum Invictus, both priced at Rs 60 per share. The last trading price of IDFC First Bank is at Rs 73.07 as of July 18 on BSE. The stock's 52-week movement indicates a high of Rs 78.50 and a low of Rs 52.50. As of July 18, the m-cap of IDFC First Bank stood at Rs 53,596 crore. It is a constituent of BSE 200. The Board at its meeting held on April 26, 2025 had considered and recommended dividend for the Financial Year 2024-25. In this regard, kindly note that the record date for determining the eligibility of members entitled to receive the said dividend is Friday, July 11, 2025.
Time of India
12-07-2025
- Time of India
Youth held from Gujarat for duping Kolkata man of 1.5 crore
Kolkata: Bidhannagar Police on Friday arrested a 26-year-old man from Ahmedabad for his alleged role in a Rs 1.5-crore cryptocurrency investment fraud, registered in 2023. The accused, Harshik Mukeshbhai Patel, was apprehended from Chandkheda in Gandhinagar district in Gujarat. The accused is being brought to Kolkata on transit remand, granted by a Gandhinagar court. The arrest was made in connection with a case registered on Sept 15, 2023 at the Bidhannagar Cyber Crime Police Station based on a complaint filed by Aurobinda Maji, a 34-year-old resident of Kolkata. According to the complaint, Maji was duped by a fake cryptocurrency wallet website that falsely promised lucrative investment returns. The fraud, police said, was carried out under the guise of cryptocurrency trading and involved multiple bank accounts to siphon off the funds. The fraudsters operated a well-designed, professional-looking online platform that mimicked the interface of legitimate crypto wallets and trading sites. The website offered users a chance to invest in various cryptocurrencies, assuring them of guaranteed profits ranging from 10% to 25% within days. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata Investigators traced a portion of the defrauded amount — over Rs 2 lakh—to an IDFC First Bank account held by Patel. The money, credited at the Layer 2 stage, was withdrawn through ATM transactions shortly after the deposit, officials said. During Patel's arrest, police seized undisclosed articles believed to be linked to the financial transactions. "We believe Patel may be part of a broader network engaged in similar digital investment scams and we are continuing the probe to track additional beneficiaries and accomplices," said a senior officer of Bidhannagar Commissionerate.
Business Standard
11-07-2025
- Business
- Business Standard
IDFC First Bank allots 6.64 lakh equity shares under ESOS
The Board of IDFC First Bank at its meeting held on 11 July2 025 has approved the allotment of 6,64,030 equity shares of face value of ₹ 10/- each fully paid-up to the eligible employees, upon exercise of stock options vested with them under the IDFC FIRST Bank - ESOS'.Post allotment, the issued and paid-up equity share capital of the Bank stands increased from Rs 73,34,32,58,560/- comprising of 7,33,43,25,856 equity shares of Rs 10/- each fully paid-up to Rs 73,34,98,98,860/- comprising of 7,33,49,89,886 equity shares of Rs 10/- each fully paid-up. Powered by Capital Market - Live News
Time of India
11-07-2025
- Business
- Time of India
UBS initiates coverage on IDFC First Bank with neutral call, cites profitability constraints despite 12% upside
UBS has initiated coverage on IDFC First Bank with a 'neutral' rating and a target price of Rs 85, implying a potential upside of nearly 12% from current levels. The brokerage flagged structural profitability challenges, driven by elevated credit costs and operating expenses, that may cap returns despite sectoral tailwinds and growth in core operations. The brokerage pointed to 'limited ROA upside due to persistently high credit costs and elevated operating expenses.' While it acknowledged that stable net interest margins (NIMs) and a supportive sectoral backdrop should aid the bank's growth trajectory, UBS said it expects the return on assets to 'remain around 1% by FY27.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Shares of IDFC First Bank were trading 0.9% lower at Rs 75.98 on the BSE on Friday, July 11. The stock has delivered an 18.5% gain in 2025 so far, with a 26% rise over the last six months and a 6.7% increase in the past month. However, on a one-year basis, the stock remains 2.8% lower. Technical trend remains supportive Live Events From a technical standpoint, the stock is currently trading above six of its eight key simple moving averages (SMAs), including the 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs. It is, however, below its 5-day and 10-day SMAs. The Relative Strength Index (RSI) stands at 67.5, just shy of the overbought threshold of 70, while the Moving Average Convergence Divergence (MACD) is at 2.3, staying above both the center and signal lines—indicators that suggest a continuation of the current bullish trend. Interim dividend declared after seven years Separately, IDFC First Bank shares are trading ex-dividend on Friday after the board declared an interim dividend of Rs 0.25 per share for FY25. The record date to determine eligible shareholders has been fixed as July 11. The bank had declared the dividend in an exchange filing back in April. This marks the first time in nearly seven years that the bank is trading ex-dividend. According to BSE records, the previous instance was on July 23, 2018, when the bank paid a final dividend of Rs 0.75 per share. Also read | NSDL IPO set to open soon: Unlisted share price down 20% from peak. Here are 7 things to watch out for ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
11-07-2025
- Business
- Mint
IDFC First Bank dividend 2025 record date today. Details here
IDFC First Bank dividend: IDFC First Bank shares will trade ex-dividend today when the Indian stock market opens on Friday. The board of directors has declared a ₹ 0.25 per share interim dividend, and the record date for the same has been fixed at 11 July 2025. The private bank has already informed the Indian stock market exchanges about the interim dividend and the record date to finalise the list of eligible shareholders for the dividend payment. IDFC First Bank had informed about the dividend move in April to the Indian exchanges, saying, 'We wish to inform that the Board of Directors of the Bank ('Board') at its meeting held today has inter-alia considered and recommended dividend of ₹ 0.25/- (2.50% of face value) per equity share of face value of ₹ 10/- each for the Financial Year 2024-25, subject to approval of shareholders of the Bank at the ensuing Annual General Meeting of the Bank and such other regulatory/ statutory approvals as may be required.' Later on, in July 2025, IDFC First Bank informed the exchanges about the dividend record date,, saying, "The Board at its meeting held on April 26, 2025 had considered and recommended a dividend for the Financial Year 2024-25. In this regard, kindly note that the record date for determining the eligibility of members entitled to receive the said dividend is Friday, July 11, 2025." According to IDFC First Bank dividend history, available on the BSE website, the private lender is trading ex-dividend after a gap of nearly seven years. The last time IDFC First Bank shares traded ex-dividend was on 23 July 2018, when the list of eligible shareholders was finalised for the payment of a final dividend of ₹ 0.75 apiece. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
