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