The Board of IDFC First Bank at its meeting held on 30 May 2024 has approved the appointment of Pradeep Natarajan as the Whole-Time Director of the Bank with effect from 01 June 2024. Powered by Capital Market - Live News

The Board of IDFC First Bank at its meeting held on 30 May 2024 has approved to issue and allot 39,68,74,600 equity shares of face value of Rs 10 each at a price of Rs 80.63 per share aggregating to Rs 3200 crore on preferential basis. Post allotment, the issued and paid-up equity share capital of the Bank will increase from 7,07,72,76,843 equity shares of Rs 10/- each fully paid-up to 7,47,41,51,443 fully paid-up equity shares of Rs 10/- each.Powered by Capital Market - Live News

IDFC First Bank will hold a meeting of the Board of Directors of the Company on 30 May 2024Powered by Capital Market - Live News

Net profit of IDFC First Bank declined 10.32% to Rs 731.90 crore in the quarter ended March 2024 as against Rs 816.12 crore during the previous quarter ended March 2023. Total Operating Income rose 27.96% to Rs 8220.48 crore in the quarter ended March 2024 as against Rs 6424.42 crore during the previous quarter ended March 2023.For the full year,net profit rose 18.41% to Rs 2942.35 crore in the year ended March 2024 as against Rs 2484.93 crore during the previous year ended March 2023. Total Operating Income rose 33.43% to Rs 30325.11 crore in the year ended March 2024 as against Rs 22727.81 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Total Operating Income8220.486424.42 28 30325.1122727.81 33 OPM %37.1839.28 -38.9039.40 - PBDT948.381094.39 -13 3857.163331.40 16 PBT948.381094.39 -13 3857.163331.40 16 NP731.90816.12 -10 2942.352484.93 18 Powered by Capital Market - Live News

IDFC First Bank has granted 3 lakh stock options under ESOS on 22 April 2024. Powered by Capital Market - Live News