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RBI approves reappointment of V. Vaidyanathan as MD & CEO of IDFC FIRST Bank

IDFC First Bank has received RBI approval for V. Vaidyanathan’s reappointment as MD and CEO, extending his leadership tenure for another three years, starting December 2024.

Business Standard

RBI approves re-appointment of V Vaidyanathan as IDFC First Bank's MD & CEO

He took over as the MD and CEO of IDFC First Bank in December 2018, following the merger of Capital First and IDFC Bank

Business Standard

Jigar S Patel of Anand Rathi recommends buying these three stocks today

Over the past few months, IDFC First Bank has consistently maintained a strong support level between Rs 70-71, despite several challenges from downward market trends.

Business Standard

Jigar S Patel of Anand Rathi recommends buying these three stocks on Aug 26

After peaking around the Rs 101 mark in September 2023, the IDFC First Bank stock underwent a significant correction, dropping by 30 points, equivalent to a 29.34 per cent decline from its high.

Business Line

Stock to sell today: IDFC First Bank (₹71.70): SELL

IDFC First Bank share price can fall to ₹69-₹68

Business Standard

LIC raises stake in IDFC First Bank

Life Insurance Corporation of India informed that it has increased its stake in IDFC First Bank from 0.20% to 2.68%.

Mint

LIC raises stake in IDFC First Bank to 2.68% at ₹80.63/share via private placement offer

LIC raised its stake in IDFC First Bank to 2.68% at ₹80.63 per share via a private placement offer (PPO). The public insurer raised its stake to 20.02 crore shares from 1.42 crore shares on a preferential basis.

The Economic Times

ONDC to add banks, fintechs to take credit services to last mile

The homegrown Open Network for Digital Commerce (ONDC) will soon integrate banks such as HDFC Bank, IDFC First Bank and Karnataka Bank, alongside fintech companies like Fibe, sources told us. This comes as the network began early pilots for credit disbursal through its platform, by partnering with Tata Group superapp Tata Neu and Paisabazaar.

The Economic Times

Nifty Bank rallies nearly 400 points; here are key levels to track on Friday

The bank index witnessed mild profit taking at higher levels. This mirrors the broader trend. The index settled at 51,783. Bandhan Bank, Federal Bank, IDFC First Bank and ICICI Bank contributed majorly to the gains. SBI and IndusInd Bank saw selling pressure.

The Economic Times

F&O stocks: IDFC First Bank, Aditya Birla Capital among 5 stocks with long buildup

Bulls likely to dominate with fresh long positions on United Spirits, Cholamandalam Investment, Laurus Labs, IDFC First Bank, and Aditya Birla Capital as stock prices and open interest increase.

The Economic Times

Bulls take control of Nifty Bank; next target seen at 51,000: Experts

The Nifty Bank rallied for the second day in a row on Tuesday and pushed the index above critical resistance of 50,250. The index closed 438 points higher at 50,440. ICICI Bank, Bandhan Bank, and IDFC First Bank saw buying action with gains of 1-4% respectively while selling was seen in PNB, which closed flat but with a negative bias