IDFC First Bank said its proposed deal would boost the bank's standalone book value by 4.9% as of March 31, 2023 and aims to increase its balance sheet by 20-25% per year in the near to medium term.

IDFC First Bank's standalone book value would increase by 4.9% as a result of the deal, the lender said. IDFC First Bank had a loan book of 1.61 trillion rupees and a balance sheet size of 2.4 ...

As of June 30, 2023, IDFC Limited through its non-financial holding company has 39.93% shareholding of IDFC First Bank. IDFC First Bank claims 4-year CAGR of 36% since the merger to reach Rs 1 ...

Like HDFC Bank, the merged IDFC First Bank will also have no promoter entity but is fully owned by institutional and public shareholders. IDFC began as an infra lender in 1997.

IDFC, through its non-financial holding company, holds a 39.93 percent stake in IDFC First Bank. After the merger, the book value per share of the bank will increase by 4.9 percent, as calculated ...

IDFC First Bank's standalone book value would increase by 4.9% as a result of the deal, the lender said. IDFC First Bank had a loan book of 1.61 trillion rupees and a balance sheet size of 2.4 ...

IDFC was an infra lender in the private sector space, and following its bigger peers like ICICI and IDBI, it also launched a banking subsidiary in 2015 -- IDFC Bank -- but could not make a mark. Like ...