IDFC First Bank announces completion of merger with IDFC Ltd, effective from Oct 1

Sep 28, 2024, at 07:01 pm

Mumbai/IBNS: Mumbai-headquartered private sector lender IDFC First Bank announced on Friday (Sept. 27) the successful completion of its merger with IDFC Limited, following all necessary shareholder and regulatory approvals, reports said.

IDFC First Bank's board approves issuance of preferential shares worth Rs 3,200 cr

May 31, 2024, at 05:07 am

Mumbai: IDFC First Bank on Thursday revealed that its board has approved the issuance of shares valued at Rs 3,200 crore on a preferential basis, priced at Rs 80.63 per equity share.

IDFC First Bank Q3FY24 net profit grows 18% to Rs 716 cr

Jan 22, 2024, at 02:23 am

Mumbai: IDFC First Bank, a private sector lender, announced a net profit of Rs 715.68 crore for the October-December quarter of the financial year 2023-24, growing 18.37 percent from Rs 605 crore in the corresponding period of the previous year.

IDFC First Bank planning to raise Rs 3,000 crore in debt capital through Tier-ii bonds

Oct 11, 2023, at 06:12 am

Mumbai: After its recent equity capital infusion of Rs 3,000 crore, IDFC First Bank is now gearing up to raise the same amount through debt capital, specifically Tier-II bonds, Business Standard reported.

IDFC First Bank plans merger with IDFC

Jul 04, 2023, at 05:16 am

Mumbai: The board of IDFC First Bank has given its approval for the merger of IDFC Ltd and IDFC Financial Holding Company with the bank through a scheme of amalgamation.