Can IDFC share price increase?
IDFC First Bank Ltd. quote is equal to 32.050 INR at 2022-06-27. Based on our forecasts, a long-term increase is expected, the “Idfc Bank Ltd” stock price prognosis for 2027-06-18 is 60.899 INR. With a 5-year investment, the revenue is expected to be around +90.01%.
How strong is IDFC First Bank?
IDFC FIRST Bank now has a strong funded asset base of more than ₹ 1,10,400 crore with 37% in the retail segment. Its quarterly annualised Net Interest Margin has expanded from 1.9% to 3.0% post-merger. The Bank now enjoys a leading position in some of the retail asset segments.
Idfc trend for this month is positive, which means Idfc target predictions on upside have a better chance. Idfc targets for this month are 55.38, 67.25 on the upside, and 43.52, 42.03 on the downside.
Past 10 year’s financial track record analysis by Moneyworks4me indicates that IDFC Ltd is a below average quality company.
At the current level, the stock has corrected significantly and it is a very good buy. We have a target of Rs 1,700 for a 9-12 month period.
Is IDFC Bank safe?
Investing in a fixed deposit with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option. Thus, IDFC First Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the bank is.
Can IDFC First Bank become multibagger?
More more money will be made in the tier two, tier three banks like IDFC or RBL or Federal Bank and may be some of the weaker PSU banks. These sort of banks would turn out to be multibaggers over the next 3-4 years.”
What is the target of IDFC First Bank?
IDFC First Bank Ltd. has an average target of 54.00.
How is IDFC Bank performance?
Private lender IDFC First Bank’s net profit rose by 117 per cent to Rs 281 crore in third quarter ended December 2021 (Q3FY22) as against Rs 130 crore in the year-ago period. Its net interest income (NII) grew by 36 per cent on a YoY basis to reach Rs 2,580 crore in Q3FY22.
You can easily buy IDFC shares in Groww by creating a demat account and getting the KYC documents verified online.
What are the latest news for IDFC Bank?
IDFC First Bank logs strong September quarter, expects restructuring at 4% of loan book. IDFC First Bank is factoring in total restructuring of about 4% of its loan book of Rs 1.06 lakh crore under the Covid-19 recast window, chief executive V Vaidyanathan told ET.
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Is IDFC Bank safe Quora?
Truly speaking, IDFC Bank is not a public sector bank but in the Indian scenario at present or in foreseeable future, no Govt of the day will ever allow any bank to go bust and let the general public suffer loss of their deposits. So be assured your money is safe and secure with the IDFC Bank.
Who owns IDFC First Bank?
Is IDFC debt free?
Company is almost debt free.
The brokerage has maintained its Sell rating on Yes Bank shares with a target price (TP) of ₹12.8. “The bank has guided for (1) 3% exit quarter NIM in FY23 (2) 2.4% opex/assets (3) 2% slippages (4) >0.75% ROA in FY23.
Is IDFC Bank a government bank?
IDFC First Bank (formerly IDFC Bank) is an Indian Private Sector Bank that forms part of IDFC, an integrated infrastructure finance company. The bank started operations on 1 October 2015, after receiving a universal banking licence from the Reserve Bank of India (RBI) in July 2015. It is listed on BSE and NSE.
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