IDFC First Bank posted 9.75% growth in advances at ₹1,17,243 crore in the said quarter. Gross Funded Assets stood at ₹1,06,828 crore at the end of the second quarter of 2020-21
IDFC First Bank - Q4, 2021 Provisional Numbers
Posted On: 2021-04-07 04:54:46 (Time Zone: Arizona, USA)
- Total deposits as on March 31, 2021 stood at Rs. 82,628 Crore, up by 43.15% Y-o-Y from Rs. 57,719 crore and by 6.91% Q-o-Q from Rs. 77,289 crore
- CASA deposits as on March 31, 2021 stood at Rs. 46,022 Crore, up by 122.74% Y-o-Y from Rs. 20,661 crore and and by 13.46% Q-o-Q from Rs. 40,563 crore
- CASA ratio improved to 51.95% vs 31.87% as of March 31, 2020 and 48.31% as of December 31, 2020
- Total funded assets as on March 31, 2021 stood at Rs. 107,004 Crore, up by 10.09% Y-o-Y from Rs. 107,004 crore and by 6.64% Q-o-Q from Rs. 110,469 crore
- Retail Funded Assets, including the PSL Buyouts where the underlying assets are retail in nature, constitutes 67% of the overall Funded Assets as of March 31, 2021.
Shares of IDFC First Bank hit a fresh 52-week high of Rs 63.05, up 9 per cent in the intra-day trade, on the BSE on Friday after the bank s board approved raising up to Rs 3,000 crore. The Board at its meeting held on Thursday, February 18, noted the significant opportunities for growth of the Bank based on the strong capabilities the Bank has built and the strong outlook for economic recovery in India, and has approved raising of funds for an amount aggregating up to Rs 3,000 crore, in one or more tranches, it said in an exchange filing. Fund raising has been approved by way of issuance of securities, through one or more permissible mode(s), including but not limited to a private placement, qualified institutions placement, follow-on public offering or a combination thereof, subject to shareholders’ approval, IDFC First Bank said in a regulatory filing.
Shares of Tata Motors, IDFC First Bank, Tata Elxsi, Trident, JK Tyre & Industries and Sobha, from the S&P BS500 index have surged over 50 per cent in the past month on the back of a strong rally in the equity markets. In comparison, S&P BSE500 index has gained 11 per cent, while the benchmark S&P BSE Sensex was up 10 per cent during the month.
Tata Motors hit a 31-month high of Rs 295, up 7 per cent in the intra-day deals today, and was the top gainer among the list. The stock has zoomed 80 per cent in the past one month on Tesla tie-up buzz. The stock of the Tata Group commercial vehicles company was trading at its highest level since June 2018. Moreover, its market capitalisation swell to Rs 90,708 crore at 11:40 am, inching towards the Rs 1-trillion mark.
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IDFC First Bank on Wednesday provided an update for the quarter ended December, 2020. IDFC First Bank shares traded at 7.68% higher at closing. Retail deposits of the Bank increased 100% Y-o-Y and 18% Q-o-Q, it said in a regulatory filing.
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