Idfc First Bank

IDFC First Bank expects a balance of payments deficit of $61 billion and currency leakage of 2.3 trillion rupees for this financial year, said Gaura Sen Gupta, India economist at IDFC First Bank.

India’s digital rupee CBDC went into retail trials on Thursday, December 1. The State Bank of India, ICICI Bank, Yes Bank, and IDFC First bank are the lenders that are participating in these trials, and upon completion, will testify if the CBDC is efficient and robust to use for day-to-day purchases.

The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on November 1, identifying nine banks to participate in the project. The pilot with include SBI, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC, the RBI said.

The rupee could decline to 82.50 against the dollar by March, driven by the greenback's surge and the country's balance of payment deficit, IDFC First Bank said in a research note.

IDFC First Bank on Saturday posted over two-fold rise in net profit to Rs 343 crore in the March 2022 quarter on the back of strong core operating income and lower provisioning for bad loans.

IDFC First Bank CEO V Vaidyanathan is known for his philanthropic gestures, and has gifted roughly 38 per cent of his stake in the bank since 2018.

The chief executive officer of IDFC First Bank Ltd. gifted $530,000 worth of the shares he owns to his driver, trainer, and helpers at home and office in an unusual gesture of philanthropy in India.

IDFC First Bank Managing Director and Chief Executive Officer V Vaidyanathan has gifted nine lakh shares to five persons including his driver and support staff.

Tourism Development Council Manali has authorised IDFC First Bank to collect the green tax by way of FASTag from motorists entering the city

IDFC FIRST Bank's FASTags can also be bought, recharged, and replaced by passenger vehicle users at selected HPCL retail outlets.

IDFC First Bank Q2 Results: The banks core operating income - the net of interest expense and excluding trading gains, increased by 41 per cent to Rs. 2,930 crore in the September quarter

Supreme Court has blocked Future Group's $3.4 billion retail assets' sale to Reliance Industries, jeopardising nearly $2.69 billion it owes to banks.

IDFC First Bank Share Price: On Tuesday, IDFC First Bank opened on the BSE at Rs 54.45, inching to an intra day high of Rs 54.65, and an intra day low of Rs 53.50, so far.

The government has proposed to sell a 4 per cent stake in NMDC through an offer for sale on July 6-7 at a floor price of Rs 165 per share

Hero MotoCorp, India's largest motorbike maker, extended a shutdown at its manufacturing facilities across the country till May 16

IDFC First Bank expects a balance of payments deficit of $61 billion and currency leakage of 2.3 trillion rupees for this financial year, said Gaura Sen Gupta, India economist at IDFC First Bank.

India’s digital rupee CBDC went into retail trials on Thursday, December 1. The State Bank of India, ICICI Bank, Yes Bank, and IDFC First bank are the lenders that are participating in these trials, and upon completion, will testify if the CBDC is efficient and robust to use for day-to-day purchases.

The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on November 1, identifying nine banks to participate in the project. The pilot with include SBI, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC, the RBI said.

The rupee could decline to 82.50 against the dollar by March, driven by the greenback's surge and the country's balance of payment deficit, IDFC First Bank said in a research note.

IDFC First Bank on Saturday posted over two-fold rise in net profit to Rs 343 crore in the March 2022 quarter on the back of strong core operating income and lower provisioning for bad loans.

IDFC First Bank CEO V Vaidyanathan is known for his philanthropic gestures, and has gifted roughly 38 per cent of his stake in the bank since 2018.

The chief executive officer of IDFC First Bank Ltd. gifted $530,000 worth of the shares he owns to his driver, trainer, and helpers at home and office in an unusual gesture of philanthropy in India.

IDFC First Bank Managing Director and Chief Executive Officer V Vaidyanathan has gifted nine lakh shares to five persons including his driver and support staff.

Tourism Development Council Manali has authorised IDFC First Bank to collect the green tax by way of FASTag from motorists entering the city

IDFC FIRST Bank's FASTags can also be bought, recharged, and replaced by passenger vehicle users at selected HPCL retail outlets.

IDFC First Bank Q2 Results: The banks core operating income - the net of interest expense and excluding trading gains, increased by 41 per cent to Rs. 2,930 crore in the September quarter

Supreme Court has blocked Future Group's $3.4 billion retail assets' sale to Reliance Industries, jeopardising nearly $2.69 billion it owes to banks.

IDFC First Bank Share Price: On Tuesday, IDFC First Bank opened on the BSE at Rs 54.45, inching to an intra day high of Rs 54.65, and an intra day low of Rs 53.50, so far.

The government has proposed to sell a 4 per cent stake in NMDC through an offer for sale on July 6-7 at a floor price of Rs 165 per share

Hero MotoCorp, India's largest motorbike maker, extended a shutdown at its manufacturing facilities across the country till May 16