
IDFC First Bank
Founded Year
2015Stage
PIPE | IPOMarket Cap
7.20BStock Price
1.02About IDFC First Bank
IDFC First Bank (NSE: IDFCFIRSTB) operates as a private-sector universal bank. The bank offers a range of financial products and services, including savings accounts, credit cards, and loans, with a focus on customer-first products and technology-driven services. It primarily serves the consumer and micro, small, and medium enterprises (MSME) sectors. It was founded in 2015 and is based in Mumbai, India.
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Latest IDFC First Bank News
Nov 29, 2023
Advertisement Advertisement FPIs in the September quarter, as per a report by Kotak Institutional Equities. The highest increase in stake by mutual funds was in Coforge, Sula Vineyards and Restaurant Brands Asia while banks and financial institutions increased their stake the most in Restaurant Brands Asia, Union Bank and Amara Raja, the report said. The highest decrease in stake by MFs was in Supreme Industries, LIC Housing Finance and Ashok Leyland while for BFIs it was in Dr Reddy's Laboratories, Ujjivan Small Finance Bank and Colgate Palmolive. In the September 2023 quarter, FPIs bought about $2.4 billion worth of equities in the secondary market. FPIs bought diversified financials, electric utilities and IT services stocks Advertisement DIIs bought around $5.1 billion of equities in the September quarter. DIIs bought stocks in banks, consumer staples and IT services sectors and sold capital goods stocks, the report said. FPI holding (including ADR and GDR) in the BSE-200 Index stood at 21.4 per cent in the September quarter. DII holding in the BSE-200 Index increased to 15.7 per cent in the September quarter from 15.5 per cent in the June quarter. FPIs were overweight on banks and real estate; underweight on consumer staples and metals & mining. Advertisement MFs were overweight on automobiles & components and pharmaceuticals; and underweight on consumer staples and oil, gas & consumable fuels, the report said. {{}} NewsletterSIMPLY PUT - where we join the dots to inform and inspire you. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox. Email address
IDFC First Bank Frequently Asked Questions (FAQ)
When was IDFC First Bank founded?
IDFC First Bank was founded in 2015.
Where is IDFC First Bank's headquarters?
IDFC First Bank's headquarters is located at C/61, Bandra Kurla Complex Rd, Mumbai.
What is IDFC First Bank's latest funding round?
IDFC First Bank's latest funding round is PIPE.
Who are the investors of IDFC First Bank?
Investors of IDFC First Bank include Warburg Pincus.
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