IDFC First Bank Ltd.
Snapshot View

51.50 +0.35 ▲0.7%

26 July 2021, 10:19:00 A.M.
Volume: 383,106

Overview View Details

Sector Banking Compare with Sector peers
Industry Bank - Private Compare with Industry peers
Website http://www.idfcbank.com
Financial Indicators
Market Cap 31,747.96 Cr.
Earnings per share (EPS) 0.78 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 65.71 Trailing Twelve Months Ending 2021-03
Industry PE 28.00 Trailing Twelve Months Ending 2021-03
Book Value / Share 33.68 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.52 Calculated using Price: 51.15
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 620.68 Cr. 6,206,835,513 Shares
FaceValue 10
Company Profile

IDFC First Bank Ltd. was formed with the merger between erstwhile Capital First and erstwhile IDFC Bank. It is a banking company. The Bank's segments include treasury, corporate/wholesale banking, retail banking and other banking business.

Business area of the bank

The business of the bank is divided into various segments: Treasury, Corporate / Wholesale Banking, Retail Banking Business and Other Banking Business. These segments have been identified and reported taking into account, the target customer segment, the nature of products, internal business reporting system, transfer pricing policy approved by Asset Liability Committee (ALCO).

Treasury- the treasury segment primarily consists of Bank’s investment portfolio, money market borrowing and lending, investment operations and entire foreign exchange and derivative portfolio of the Bank. Revenue of treasury segment consist of interest income on investment portfolio, inter segment revenue, gains or losses from trading operations, trades and capital market deals. The principal expenses consists of interest expenses from external sources & on funds borrowed from inter segments, premises expenses, personnel cost, direct and allocated overheads.

Corporate / Wholesale Banking- the wholesale banking segment provides loans, non-fund facilities and transaction services to corporate relationship not included under Retail Banking, and syndication. Revenues of the wholesale banking segment consists of interest earned on loans to customers, inter segment revenue, interest / fees earned on transaction services, earnings from trade services, fees on client FX & derivative and other non-fund facilities. The principal expenses of the segment consists of interest expense on funds borrowed from internal segments, premises expenses, personnel costs, other direct overheads and allocated expenses of delivery channels, and support groups.

Retail Banking-  Retail Banking constitutes lending to individuals / business banking customers through the branch network and other delivery channels subject to the orientation, nature of product, granularity of the exposure and the quantum thereof. Revenues of the retail banking segment are derived from interest earned on retail loans, inter segment revenue and fees from services rendered, fees on client FX & derivative. Expenses of this segment primarily comprise interest expense on deposits & funds borrowed from inter segments, commission paid to retail assets sales agents, infrastructure and premises expenses for operating the branch network and other delivery channels, personnel costs, other direct overheads and allocated and support groups.

Other Banking Business- This segment includes revenue from distribution of third party products.

Products and services of the bank

Wholesale Banking

Wealth Management

Personal Banking

  • Savings Account 
  • Deposits 
  • Loans 
  • Investment 
  • Insurance 
  • Ways to Bank 
  • Payments 
  • Cards 
  • Forex

Business Banking

  • Accounts & Deposits 
  • Cash Management Services 
  • Loans 
  • Business Investment Solutions 
  • Trade Forex Services 
  • Ways to Bank 
  • Cards

Awards

  • Most Promising New Bank in India 2019 by Capital Finance International (CFI).
  • CNBC Awaaz Entrepreneur of the Year Award, 2019.
  • Prestigious Brands of India 2020 by Herald Global and BARC Asia.

Milestones

2020

  • IDFC First Bank, Bajaj Finance and Vivo have entered into partnership to waive dealer charges paid by retailers for selling devices under installment schemes.
  • IDFC FIRST Bank has opened its MBA Scholarship programme for the batch of 2020-2022, as part of its Corporate Social Responsibility (CSR).
  • DFC First Bank has launched video KYC facility so that customers can open savings accounts without the need to visit a branch office.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.68%
1 Week
-2.18%
1 Month
-11.51%
3 Month
-1.53%
6 Month
+7.07%
1 Year
+81.02%
2 Year
+21.46%
5 Year
-2.18%
4 years 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 7.24 6.38 -11.23 -16.92
Return on Assets (%) 0.95 0.80 -1.28 -1.80
Net Interest Margin 1.97 1.67 2.25 4.46
Yield on Advances (%) 17.36 17.44 14.14 18.97

Balance Sheet View Details

Particulars 4 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 14,677 15,274 18,199 15,404
Minority Int.
Deposits 40,098 48,039 70,354 65,079
Borrowings 50,262 57,287 69,983 57,397
Other Liab. 7,027 5,781 8,563 11,279
Total Liab. 112,064 126,382 167,099 149,159
Fixed Assets 799 800 974 1,073
Investments 50,164 60,904 58,245 45,174
Advances 49,402 52,165 86,302 85,595
Cash & Bank 5,140 4,877 9,526 4,163
Other Assets 6,560 7,636 12,051 13,153
Total Assets 112,064 126,382 167,099 149,159

Profit Loss View Details

Particulars 4 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Interest Earned 8,578 9,098 12,204 16,240
Other Income 1,019 1,120 852 1,722
Total Income 9,597 10,218 13,056 17,963
Operating Exp. -1,332 -1,797 -6,091 -5,765
Provisions -236 -160 -1,432 -4,316
PBIT 8,029 8,261 5,534 7,882
Interest -6,515 -7,126 -8,743 -10,228
Tax -451 -180 1,330 -497
PAT 1,063 955 -1,880 -2,843

Cash Flow View Details

Particulars 4 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 14,128 -5,978 17,364 10,966
Cash Fr. Inv. -4,918 -1,027 -1,365 -3,790
Cash Fr. Finan. -6,974 6,742 -12,220 -12,539
Net Change 2,236 -263 3,779 -5,363
Cash & Cash Eqvt 5,140 4,877 9,526 4,163

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 40.00 40.00 40.00 40.00 40.00 40.00 40.00 39.98 36.56
Public 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.02 63.44
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Sat, 24 Jul 2021
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Allotment of shares pursuant to exercise of Employee Stock Options under IDFC FIRST Bank Employee Stock Option Scheme

Pursuant to the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you that in accordance with the terms of IDFC FIRST Bank Employee Stock Option Scheme the Allotment Transfer & Routine Matters Committee of IDFC FIRST Bank Limited (the Bank) has on July 23 2021 approved the allotment of 39 66 093 fully paid up equity shares of Rs. 10 each to the allottee(s) upon exercise of stock options under the said Scheme. These shares shall rank pari passu in all respects with the existing equity shares of the Bank.

With the allotment of the above shares the equity base of the Bank stands increased from present level of 6 20 68 35 513 (Nos.) to 6 21 08 01 606 (Nos.) equity shares of Rs. 10/- each.
Thu, 22 Jul 2021
Announcement under Regulation 30 (LODR)-Change in Directorate
This is to inform you that the Bank has received a letter dated July 22 2021 from Mr. Sunil Kakar (DIN: 03055561) tendering his resignation as a Non-Executive Non- Independent Director of IDFC FIRST Bank Limited (the Bank) with immediate effect.
Further based on the recommendation of the Nomination and Remuneration Committee the Board of Directors of the Bank has approved the appointment of Mr. Ajay Sondhi (DIN: 01657614) as an Additional Director in the category of Non-Executive Non-Independent Director of the Bank
effective from July 22 2021. The appointment of Mr. Ajay Sondhi will be subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Bank.
Mr. Ajay Sondhi is an Independent Director of IDFC Limited. Further Mr. Ajay Sondhi is not related to any of the Directors of the Bank and is not debarred from holding the office of director virtue of any order passed by SEBI or any other Regulatory/ Statutory authority.
Tue, 20 Jul 2021
Grant Of Stock Options Under IDFC FIRST Bank Employee Stock Option Scheme
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you that in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations 2014 as amended from time to time the Nomination & Remuneration Committee on July 20 2021 (Grant Date) has considered and approved grant of 13 13 350 stock options to eligible employee(s) under IDFC FIRST Bank Employee Stock Option Scheme.
These options will vest equally over a period of five years (viz. 20% each year) and the exercise period of these options will be 3 years from date of respective vesting.

Technical Scans View Details

Fri, 23 Jul 2021
Stock Underperforming Benchmark Index in both 1 Week and 3 Month Stock Underperforming Benchmark Index in both 1 Week and 3 Month
Stock Underperforming Sectoral Index in both 1 Week and 3 Month Stock Underperforming Sectoral Index in both 1 Week and 3 Month
Strongly Underperforming Benchmark index Strongly Underperforming Benchmark index
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Strongly Underperforming Sectoral index Strongly Underperforming Sectoral index

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
HDFC Bank Ltd. 797,422.67 1,438.90 -0.3%
ICICI Bank Ltd. 468,642.81 675.20 -0.2%
State Bank Of India 382,999.70 424.95 -1.0%
Kotak Mahindra Bank Ltd. 341,634.74 1,719.40 -0.2%
Axis Bank Ltd. 231,518.52 749.80 -0.7%
IndusInd Bank Ltd. 76,515.92 991.00 +0.2%
Bandhan Bank Ltd. 49,133.61 301.90 -1.0%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
HDFC Bank Ltd. Consolidated 2021-06 24.29 1,438.90 -0.3%
ICICI Bank Ltd. Consolidated 2021-03 25.49 675.20 -0.2%
State Bank Of India Consolidated 2021-03 17.09 424.95 -1.0%
Kotak Mahindra Bank Ltd. Consolidated 2021-03 34.20 1,719.40 -0.2%
Axis Bank Ltd. Consolidated 2021-03 32.18 749.80 -0.7%
IndusInd Bank Ltd. Consolidated 2021-03 26.11 991.00 +0.2%
Bandhan Bank Ltd. Standalone 2021-03 22.28 301.90 -1.0%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
HDFC Bank Ltd. Consolidated 2021-06 3.65 1,438.90 -0.3%
ICICI Bank Ltd. Consolidated 2021-03 3.03 675.20 -0.2%
State Bank Of India Consolidated 2021-03 1.52 424.95 -1.0%
Kotak Mahindra Bank Ltd. Consolidated 2021-03 4.05 1,719.40 -0.2%
Axis Bank Ltd. Consolidated 2021-03 2.23 749.80 -0.7%
IndusInd Bank Ltd. Consolidated 2021-03 1.77 991.00 +0.2%
Bandhan Bank Ltd. Standalone 2021-03 2.82 301.90 -1.0%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
HDFC Bank Ltd. Consolidated 2021-03 0.85 1,438.90 -0.3%
ICICI Bank Ltd. Consolidated 2020-03 1.78 675.20 -0.2%
State Bank Of India Consolidated 2021-03 1.72 424.95 -1.0%
Kotak Mahindra Bank Ltd. Consolidated 2020-03 0.98 1,719.40 -0.2%
Axis Bank Ltd. Consolidated 2021-03 1.47 749.80 -0.7%
IndusInd Bank Ltd. Consolidated 2020-03 1.80 991.00 +0.2%
Bandhan Bank Ltd. Standalone 2021-03 0.97 301.90 -1.0%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
HDFC Bank Ltd. Consolidated 2021-03 16.50 1,438.90 -0.3%
ICICI Bank Ltd. Consolidated 2020-03 9.72 675.20 -0.2%
State Bank Of India Consolidated 2021-03 10.13 424.95 -1.0%
Kotak Mahindra Bank Ltd. Consolidated 2020-03 13.84 1,719.40 -0.2%
Axis Bank Ltd. Consolidated 2021-03 7.64 749.80 -0.7%
IndusInd Bank Ltd. Consolidated 2020-03 14.84 991.00 +0.2%
Bandhan Bank Ltd. Standalone 2021-03 13.53 301.90 -1.0%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
HDFC Bank Ltd. Consolidated 2021-03 13.83 1,438.90 -0.3%
ICICI Bank Ltd. Consolidated 2020-03 9.08 675.20 -0.2%
State Bank Of India Consolidated 2021-03 7.08 424.95 -1.0%
Kotak Mahindra Bank Ltd. Consolidated 2020-03 11.88 1,719.40 -0.2%
Axis Bank Ltd. Consolidated 2021-03 7.16 749.80 -0.7%
IndusInd Bank Ltd. Consolidated 2020-03 11.79 991.00 +0.2%
Bandhan Bank Ltd. Standalone 2021-03 11.97 301.90 -1.0%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
HDFC Bank Ltd. Consolidated 2021-03 128,552.39 1,438.90 -0.3%
ICICI Bank Ltd. Consolidated 2020-03 84,835.77 675.20 -0.2%
State Bank Of India Consolidated 2021-03 278,115.48 424.95 -1.0%
Kotak Mahindra Bank Ltd. Consolidated 2020-03 33,474.16 1,719.40 -0.2%
Axis Bank Ltd. Consolidated 2021-03 64,696.42 749.80 -0.7%
IndusInd Bank Ltd. Consolidated 2020-03 28,782.83 991.00 +0.2%
Bandhan Bank Ltd. Standalone 2021-03 12,524.21 301.90 -1.0%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
HDFC Bank Ltd. Consolidated 2021-03 31,856.77 1,438.90 -0.3%
ICICI Bank Ltd. Consolidated 2020-03 11,225.47 675.20 -0.2%
State Bank Of India Consolidated 2021-03 24,279.72 424.95 -1.0%
Kotak Mahindra Bank Ltd. Consolidated 2020-03 8,607.08 1,719.40 -0.2%
Axis Bank Ltd. Consolidated 2021-03 7,252.39 749.80 -0.7%
IndusInd Bank Ltd. Consolidated 2020-03 4,457.87 991.00 +0.2%
Bandhan Bank Ltd. Standalone 2021-03 2,205.46 301.90 -1.0%