IDFC-IDFC First Bank Merger Approved By RBI
The Scheme remains subject to other statutory and regulatory approvals inter alia including from the National Company Law Tribunal and the respective shareholders and creditors of the companies involved in the Scheme, under applicable laws, added IDFC Ltd.
Dec 28, 2023, 10:45 AM IST
IDFC Bank hikes fixed deposit interest rates, check latest FD rates
IDFC Bank has increased the interest rates on fixed deposits (FD).
May 28, 2022, 13:59 PM IST
DHFL insolvency case: Here’s why RBI’s IBC route didn’t work well for the lender
Experts say as evidenced in DHFL, the IBC process is plagued by drawbacks that need to be addressed or alternatives need to be explored in the interest of all stakeholders and the economy at large.
Sep 11, 2021, 14:23 PM IST
RBI allows IDFC to exit IDFC First Bank
In a regulatory filing made to the BSE, IDFC said that the RBI on July 20 clarified that "after the expiry of lock-in period of 5 years, IDFC Limited can exit as the promoter of 'IDFC FIRST Bank Limited'".
Good news! THIS bank is offering free ration to COVID affected, low-income customers
V Vaidyanathan, MD & CEO, IDFC FIRST Bank, said, “While we cannot solve all problems considering the magnitude of the crisis, we want to support our customers to the extent we can, and hence our “GharGhar Ration” program.”
Jun 13, 2021, 13:20 PM IST
Bank alert! THIS bank has changed fixed deposit interest rates, check new rates here
IDFC Bank is offering the lowest 2.75% per annum interest rate on FD investments for seven to 14 days.
May 09, 2021, 09:21 AM IST
Alert! THIS bank has slashed interest rates, check which banks are offering higher interest
Bank interest rates are at record lows in India. Following suit, IDFC First Bank has decided to slash its interest rates on savings accounts from 6% to 4-5%. The interest rates have been slashed for bank accounts with a balance of Rs 1 lakh to Rs 2 crore.
May 01, 2021, 21:54 PM IST
IDFC, Shriram merger called off over share swap disagreement
As per the plans, almost all key businesses of the Shriram Group were to merger with either IDFC Bank or IDFC.
Oct 30, 2017, 17:42 PM IST
IDFC plans Rs 10,000 crore fund raise for biz expansion
IDFC will seek its shareholders' approval to raise Rs 10,000 crore by issuing debt securities on private placement basis.
Jul 03, 2017, 22:29 PM IST
IDFC issues commercial papers of Rs 700 crore
Infrastructure lender IDFC Ltd has issued commercial papers (CPs) worth Rs 700 crore earlier this week.
Sep 17, 2016, 19:11 PM IST
Subramanian Swamy terms IDFC's Rs 550-cr loan to GSTN as 'loot'
Continuing to attack the firm set up by the UPA government to provide support structure for GST rollout, BJP MP Subramanian Swamy today alleged "loot" in IDFC extending a Rs 550-crore loan to GSTN on government guarantee.
Sep 09, 2016, 20:45 PM IST
Key reasons for investing in Tata steel and IDFC
IDFC is currently trading at 51.30 with the rise of 2.81%.
Jul 08, 2016, 16:14 PM IST
IDFC Alternatives raises Rs 475 crore to invest in housing projects
IDFC Alternatives has raised Rs 475 crore in its third real estate fund to invest in residential projects across seven major cities.
May 12, 2016, 20:13 PM IST
IDFC gets RBI nod for using Rs 2,500 crore reserve as provision
Infrastructure finance firm IDFC on Saturday said it has got regulatory approval to utilise Rs 2,500 crore non-distributable reserves for provisions against bad loans as part of exercise to clean its book before venturing into universal banking.
Sep 19, 2015, 15:59 PM IST
IDFC to set aside additional Rs 2.5K cr as special reserve
IDFC on Friday said government's moves on gas and power sector have not had desired impact and it is forced to create a special reserve of Rs 4,500 crore to cover expected losses from power sector loans, which will ring-fence its soon-to-be-launched universal bank.
Jul 31, 2015, 20:42 PM IST
IDFC to make additional provisioning of Rs 2,500 cr, will impact net
"Given that we will be transitioning to a bank by the end of second quarter of 2015-16 with no visible solution for these assets, we believe it is prudent for us to make incremental provisions against known risks," IDFC said in a BSE filing.
Jul 31, 2015, 13:11 PM IST
IDFC Q1 net dips 46% to Rs 241 cr
Total income increased marginally to Rs 2,087.08 crore for the quarter ended June 30, from Rs 2,039.17 crore for the quarter ended June 30, 2014, IDFC said in a BSE filing.
Jul 30, 2015, 13:09 PM IST
IDFC gets RBI nod for starting banking operation
The bank proposes to start operations with 20 branches.
Jul 24, 2015, 11:21 AM IST
IDFC bank branches to be mix of metros, backward areas
IDFC, which is targeting full-fledged debut as bank by October, Tuesday said it is working on a "binary strategy" that will entail opening branches in metros as well as backward districts of the country.
Jun 16, 2015, 15:28 PM IST
Ajay Mahajan is IDFC's Commercial, Wholesale Banking Head
"In this role, Mahajan will oversee coverage of SME, mid-cap and large corporates, financial institutions, government business and transaction banking, treasury and markets and investment banking," IDFC said in a statement.
Jun 15, 2015, 17:42 PM IST
