New Delhi, IDFC First Bank on Thursday said it has raised Rs 3,200 crore by selling equity shares in six insurance companies, including LIC and HDFC Life.In a regulatory filing, IDFC First Bank said an authorized committee of the board of directors approved the allotment of over 39.68 crore...
New Delhi [India], Life Insurance Corporation of India (LIC) has increased its stake in IDFC First Bank, according to information provided to the exchanges on Thursday.After the increase, LIC's stake in IDFC First Bank has increased from 0.20 percent to 2.68 percent. Numerically, this increase...
New Delhi, IDFC First Bank on Thursday said its board has approved a plan to raise Rs 3,200 crore through a preferential issue of shares to finance business growth.The Board of the Bank in its meeting held on May 30, 2024 considered and approved the issue, proposal and allotment of 39.68 crore...
Gurugram, Gurugram Cyber Police have arrested two alleged fraudsters, including an IDFC Bank employee, who provided bank account details to cyber criminals, police said.According to the police, on February 16, a person had filed a complaint of fraud of about Rs 1.5 crore on the pretext of...
Mumbai, A consumer commission here has directed IDFC Bank to pay compensation of Rs 1 lakh to a Navi Mumbai man after deducting the EMI for a loan which he had not taken.The District Consumer Disputes Redressal Commission (Mumbai Suburban) held the bank guilty of deficiency in service and also...
New Delhi: Shareholders and non-convertible debenture (NCD) holders of IDF First Bank have approved the proposal to merge parent company IDFC Ltd with the lender.The National Company Law Tribunal (NCLT) convened a meeting on May 17 through video conferencing and other audio-visual means to...
New Delhi, The Reserve Bank of India (RBI) has approved the appointment of Pradeep Natarajan as whole-time director on the board of IDFC First Bank, the private sector lender said."The RBI has approved the appointment of Pradeep Natarajan as Whole Time Director, who has been appointed as...
New Delhi, IDFC First Bank on Saturday reported a 10 per cent decline in net profit to Rs 724 crore for the fourth quarter ending March 2024 due to a substantial jump in provisions.The lender had made a net profit of Rs 803 crore in the year-ago period.Total income rose to Rs 9,861 crore...
IDFC Limited, along with its subsidiaries, is involved in investment activities in India. The company operates through two segments: Financing and Asset Management. In addition to this, it also engages in portfolio management, mutual fund, and other alternative funds activities. Furthermore...