Investors are often guided by the idea of discovering ‘the next big thing’, even if that means buying ‘story stocks’ without any revenue, let alone profit. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on the merit of good company fundamentals. While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. If this kind of company isn’t your style, you like companies that generate revenue, and even earn profits, then you may well be interested in IDFC First Bank (NSE:IDFCFIRSTB). Now this is not to say that the…
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Category: IDFC Bank
Check new reward points, lounge access rules
IDFC First Bank has announced changes to all credit cards except its super-premium IDFC First Private Credit Card. Effective from May 1, IDFC First Bank will reduce reward points for online spending, implement higher spending-based criteria for airport lounge access, and update terms for utility and rent payments.The reward points for online spends up to ₹20,000 in a statement cycle, currently set at six times, will be reduced to three times.Cardholders will continue to earn 10 times (10X) reward points on incremental spends above ₹20,000 per month. Reward points for education, wallet reloads, and government service transactions will be revised to 3X.IDFC First Bank will apply a…
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Share Price Target Of Axis Bank, HUL After Q4 Results & Of Kotak Mahindra Bank After RBI’s Action
IDFC First Share Price Target 2024: JPMorgan has given a Neutral rating with a target price of Rs 75.
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Axis Bank reported a consolidated net profit of Rs 7,599 crore during March 2024 quarter, but expressed concerns over deposit accretion in the new fiscal. On a standalone basis, it reported a net profit of Rs 7,130 crore in the January-March period. Advertising
Advertising Sequentially, the…
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lic housing finance: RBI penalises IDFC First Bank, LIC Housing Finance
The Reserve Bank on Friday said it has imposed a penalty of Rs 1 crore on IDFC First Bank and Rs 49.70 lakh on LIC Housing Finance for violation of certain norms. The penalty on IDFC First Bank has been imposed for non-compliance with certain directions on ‘Loans and Advances – Statutory and Other Restrictions’, the central bank said in a statement. In another statement, it said the penalty on LIC Housing Finance has been levied for non-compliance with certain provisions of the ‘Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021’ issued by RBI. In both cases, penalties are based on deficiencies in regulatory compliance and are not intended to…
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Sanjiv Bhasin | Sanjiv Bhasin portfolio: Sanjiv Bhasin on 4 private bank stocks to bet on now; sees 2 stocks in starring role this year
Sanjiv Bhasin, Director, IIFL Securities, says “I still think ICICI will be the star followed by Axis and my dark horse player is IDFC First Bank. Watch out for the results over there. They could be very strong. Another one of my small picks has been DCB Bank. There is a big dividend coming along with capital infusion by the promoters. These three-four stocks could be good performers from here.” Bhasin also says his top pick for this year after Voda Idea is Aditya Birla Fashion & Retail Ltd (ABFRL). What an appetite for Vodafone FPO and you have got conviction on this stock for not just now, but for a long while now and even Bharti is participating in this move.Sanjiv Bhasin: We are…
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Idfc First Bank Outlook for the Week (April 15, 2024 – April 19, 2024)
Stocks to buy: ICICI Bank, HCL Tech, Indus Towers, IDFC First Bank, among analysts top picks ,Stocks News, Business News
Stocks to buy today, April 23, 2024: In conversation with Zee Business Managing Editor Anil Singhvi, market experts Avinash Gorakssakar, Rakesh Bansal, Kunal Saraogi, Sudeep Shah and Sumeet Bagadia share their top stock recommendations in this special segment, Pick of the Day.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGOn the top analysts’ ‘buy’ list are stocks such as ICICI Bank, HCL Technologies, Indus Towers, IDFC First Bank, LIC Housing Finance and Escorts Kubota.
(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult their investment advisers before making any financial decision.)
RBI imposes monetary penalty on IDFC First Bank, LIC Housing Finance | Company News
Reserve Bank of India has imposed monetary penalty of Rs 1 crore on private sector lender IDFC First Bank for non-compliance with certain directions issued by regulator on Loans and AdvancesBS Reporter Reserve Bank of India has imposed monetary penalty of Rs 1 crore on private sector lender IDFC First Bank for non-compliance with certain directions issued by regulator on Loans and Advances. The bank had sanctioned term loans to a public sector undertaking for infrastructure projects without due diligence on the viability and bankability of the projects to ensure revenue streams from the projects were sufficient for repaying debt. Click here to follow our WhatsApp channel The…
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RBI Slaps Rs1.49 Crore Penalty IDFC First Bank and LIC Housing Finance for Non-compliance
Reserve Bank of India (RBI) has imposed a penalty of Rs1.49 crore on IDFC First Bank Ltd and LIC Housing Finance Ltd (LICHF) for violating various rules and regulations prescribed by the regulator. The highest penalty of Rs1 crore lakh has been imposed on IDFC First Bank for non-compliance with directions issued by RBI on loans and advances – statutory and other restrictions.. IDFC First Bank’s statutory evaluation revealed that the lender had sanctioned term loans to a public sector undertaking (PSU) for financing infrastructure projects without undertaking due diligence on the viability and bankability of the projects to ensure that revenue streams from the projects were sufficient…
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IDFC FIRST Bank’s BRAVO – The Ideal Financial Partner for Startups
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If you want to understand the value of every rupee, ask a bootstrapped startup founder. Especially in the early days, literally every rupee counts. The earnings are small, the burn is high, the days long, and the nights short. It’s a time for hustling, for putting everything aside in the service of a dream.
Bootstrapped startup founders are also possibly the most creative people around when it comes to managing costs. You’re scrappy, and you know other scrappy people. You’re bartering where the nature of the…
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