Date | Title | Description |
13.09.2024 | Yes Bank's Stake Sale: A Tug of War with Regulations | Yes Bank is at a crossroads. The financial institution, once teetering on the brink of collapse, is now a beacon of recovery. However, its journey to secure a foreign investor has hit a regulatory snag. The proposed acquisition by Sumitomo ... |
12.09.2024 | Yes Bank’s stake sale hits regulatory hurdle | Sumitomo Mitsui Banking Corporation’s (SMBC) bid to take a majority 51 per cent stake in Yes Bank is facing regulatory headwinds, according to sources.
The Japanese financial conglomerate’s proposal to acquire a majority stake in Yes Bank i... |
27.08.2024 | Just Words, Plutos ONE, InsurancePadosi, and build3 Raise Funding The startups listed below have disclosed investment rounds. | Just Words Secures USD 1.7 Mn Funding from Peak XV Partners and Y Combinator
AI-first marketing platform, just words, secured USD 1.7 million in a seed funding round led by Peak XV Partners and Y Combinator.
The company aims to revolutionis... |
22.08.2024 | ONDC enters credit market; aims to expand financial services product basket | The Open Network for Digital Commerce (ONDC) today launched unsecured digital loans on its platform, through which it claims to pass loans within six minutes, the company said in a press conference in Mumbai today.
The buyer applications in... |
30.07.2024 | IDFC FIRST Bank's Q1 FY25: A Mixed Bag of Growth and Challenges | IDFC FIRST Bank's latest financial report paints a picture of resilience mixed with caution. The bank reported a net profit of ₹681 crore for the first quarter of FY25, an 11% decline from ₹765 crore in the same period last year. This dip, ... |
29.07.2024 | IDFC FIRST Bank Q1 FY 25 PAT at Rs. 681 Crores, Core Operating Profit up 30.2% YOY | Mumbai, Maharashtra, India
The Board of Directors of IDFC FIRST Bank, in its meeting held today, approved the unaudited financial results for the quarter ended June 30, 2024.
Deposits & Borrowings
Total Deposits of the Bank increased by... |
29.07.2024 | Q1FY25: A Mix Bag of Results for Banks This can be credited to the general elections and heat waves across the country | Major banking players such as Punjab National Bank, ICICI Bank, IDFC FIRST Bank, and IndusInd Bank recently presented their first-quarter results. The quarter 1 results for FY2025 show mixed performance from Indian banks, state or non-state... |
27.07.2024 | UPI One World: A Gateway for Global Travelers in India | India is opening its doors wider. The National Payments Corporation of India (NPCI) has launched the UPI One World wallet. This service is a game-changer for international travelers. It simplifies payments, making it easier to explore the r... |
27.07.2024 | IDFC First Bank net profit dips 11% to ₹681 crore in Q1FY25 | IDFC First Bank reported a 11 per cent dip in first quarter (Q1FY25) net profit at ₹681 crore despite healthy growth in net interest income and other income, as the bottomline was impacted by a sharp increase in non-tax provisions.
The priv... |
24.07.2024 | 'UPI One World' wallet service now available to all* inbound international travellers visiting India | UPI is India's popular mobile-based real-time payment system, which enables instant personal and merchant payments
MUMBAI, India, July 24, 2024 /PRNewswire/ -- National Payments Corporation of India (NPCI) announced the rollout of 'UPI One ... |
23.07.2024 | 'UPI One World' wallet service now available to all* inbound international travellers visiting India | UPI is India's popular mobile-based real-time payment system, which enables instant personal and merchant payments
MUMBAI, India , July 23, 2024 /PRNewswire/ -- National Payments Corporation of India (NPCI) announced the rollout of 'UPI One... |
18.07.2024 | Warburg Pincus names insider Jeffrey Perlman new CEO | (From left) Warburg's new CEO Jeffrey Perlman with Chip Kaye and Timothy Geithner | Credit: Warburg Pincus
Private equity firm Warburg Pincus on Thursday named Jeffrey Perlman its new chief executive officer, marking only the third generati... |
17.07.2024 | LIC enters into tie-up with IDFC First Bank under corporate agency arrangement | Life Insurance Corporation of India (LIC) has entered into a tie-up with IDFC First Bank Ltd under corporate agency arrangement.
This tie-up will facilitate more than 1 crore customers of IDFC First Bank to buy LIC policies online by visiti... |
12.07.2024 | OPPO India Launches Reno12 5G Series; Makes AI Phones Accessible | New Delhi, Delhi, India
OPPO India today announced the launch of the Reno12 series, its first step towards accelerating the availability of AI phones in the country. The Reno12 series — “Your Everyday AI Companion”—boasts features such as A... |
03.07.2024 | Britannia Industries appoints Urjit Patel as Independent Director | Britannia Industries Limited, a leading Indian multinational food products company, has made a significant move by appointing Urjit Patel as additional non-executive independent Directors of the company for a term of five years, as per an e... |
06.06.2024 | Effective Methods for Calculating Interest Rates on Fixed Deposit Accounts | Mumbai, Maharashtra, India
In the field of financial strategy, Fixed Deposit (FD) accounts present themselves as a steadfast and secure investment solution. The appeal of fixed returns and minimal risk positions them as the top choice for a... |
03.06.2024 | Nifty Bank index races past 50,000 mark in post-election euphoria | - |
03.06.2024 | Nifty Bank hits 50,000 mark for the first time ever; Check key reason | - |
01.06.2024 | Indian bankers get ready for IPO surge as elections come to a close | - |
01.06.2024 | Will take decisive steps to stabilise banking system: FM Sitharaman | - |
30.05.2024 | IDFC First Bank to issue Rs 3,200 cr of equity shares on preferential basis | - |
30.05.2024 | Unclaimed deposits with banks rise 26% to Rs 78,213 crore: RBI report | - |
30.05.2024 | IDFC First Bank board approves Rs 3,200 cr fundraise via preferential issue | - |
30.05.2024 | IDFC FIRST Bank to Raise Rs 3,200 cr Via Preferential Issue | Mumbai, Maharashtra, India
IDFC FIRST Bank has laid a robust foundation with a strong and profitable business model. The Bank is seeing strong traction in raising deposits with customer deposits growing by 42% in FY24 over FY23. The Bank al... |
26.05.2024 | Credit card spends fall 5% in April, pace of new card additions slower | Spends on credit cards moderated in April 2024 from the previous month, declining 4.84 per cent to ₹1.56-lakh crore, according to data by the Reserve Bank of India.
Spends in April traditionally see a fall, given that spends generally tend ... |
23.05.2024 | IDFC FIRST Bank a Class Apart | Mumbai, Maharashtra, India
A pathbreaking new research benchmarks reasonableness of service charges levied by banks across India. The study, authored by Dr Ashish Das, Professor, Department of Mathematics, from the Indian Institute of Techn... |
22.05.2024 | Indian bond yields flat as traders eye next move to infuse cash in system | - |
20.05.2024 | IDFC First Bank is being built on strong unit economics: V Vaidyanathan, MD & CEO | Hamsini Karthik
Q
The bank has completed five years and 6 per cent NIM is something that is becoming unique to IDFC First Bank. How should we look at it from a sustainability perspective?
Sustainability comes from two aspects. Retail deposi... |
18.05.2024 | Debt, equity holders approve merger of IDFC with IDFC First Bank | Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lender.
The National Company Law Tribunal (NCLT) convened a meeting on May 17 through video conferencing ... |
18.05.2024 | Debt, equity holders approve merger of IDFC Ltd with IDFC First Bank | - |
17.05.2024 | Real Estate Market Trends in India | The real estate market in India is experiencing significant shifts and developments, with key players making strategic moves to capitalize on emerging opportunities. From luxury housing projects to major acquisitions, the sector is witnessi... |
17.05.2024 | LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
RBI Penalizes IDFC First Bank and LIC Housing Finance
LIC ... | ECONOMY & POLICY LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
17 May 2024 3 Min Read CW Team
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. ... |
17.05.2024 | RBI okays appointment of Natarajan as IDFC FIRST Bank's whole time director | - |
17.05.2024 | LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
RBI Penalizes IDFC First Bank and LIC Housing Finance
LIC ... | Real Estate LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
17 May 2024 3 Min Read CW Team
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profi... |
16.05.2024 | Credit offtake stays robust at nearly 16% in May, shows RBI data | - |
12.05.2024 | Gold ETFs see first outflow post March 2023 at Rs 396 cr on profit booking | - |
06.05.2024 | 6-week long national election leaves RBI with liquidity dilemma | The Reserve Bank of India (RBI) is stepping in to ease banking system liquidity conditions as the 2024 national elections which stretches over six weeks is hurting government spending despite strong tax collections.
Voting began on April 19... |
02.05.2024 | First Abu Dhabi Bank, Mizuho Bank in race for SBI’s stake in Yes Bank | Within days of State Bank of India putting its 25 per cent stake in Yes Bank on the block, interest is visible from West Asia and Japan.
According to four bankers aware of the matter, UAE’s largest bank, First Abu Dhabi Bank (FAB), and Japa... |
01.05.2024 | New KYC rules, hike in savings account charges and more: 5 money rules coming up in May | There are some key changes that individuals – particularly mutual fund investors and banking customers – will have to take note of effective from May.
May is unlikely to be financial change-heavy month unlike its predecessor April or even M... |
01.05.2024 | spotlight. Options ahead of KVS Manian | Understanding, willing to listen, empathetic, highly result oriented and motivating. There are the top-of-mind attributes one would pick up from those who are working or have worked with Krishnan Venkat Subramanian or KVS Manian as rechrist... |
01.05.2024 | Top 4 credit card issuers lose market share in FY24 | MUMBAI The top 4 credit card issuers of the country saw a decline in their market share during FY24, both in terms of monthly card spends and total cards outstanding, according to data by the Reserve Bank of India.
The market share of the t... |
29.04.2024 | RBI launches two key surveys to get inputs for upcoming monetary policy | - |
27.04.2024 | IDFC FIRST Bank PAT Increases by 21 Percent YOY to Rs. 2,957 Crore for FY 24 | Mumbai, Maharashtra, India
Financial results at a glance: The Board of Directors of IDFC FIRST Bank, in its meeting held today, approved the audited financial results for the quarter and the year ended March 31, 2024.
Yearly Profitability
N... |
27.04.2024 | IDFC First Bank Q4 results: Net profit falls 10% to Rs 724 cr, NII up 24% | - |
26.04.2024 | Front running case: Sebi bans 8 cos; impounds 'unlawful gain' of Rs 1.3 cr | - |
26.04.2024 | Risky borrowing: India's household debt has likely surged to all-time high | - |
24.04.2024 | DCB Bank Q4 results: Net up 9% at Rs 156 cr, board approves Rs 500 cr QIP | - |
24.04.2024 | Curbs on Kotak Mahindra Bank: How RBI has pulled up other firms in 5 years | - |
23.04.2024 | Flows into NRI deposits up 84.4% to $11.8 bn in April 2023-February 2024 | - |
12.04.2024 | Race for Yes Bank: Japan’s MUFG, SMBC weigh majority stake buyout in lender | MUFG and SMBC were in the fray for the proposed deal and initial discussions have begun. The deal would require the approval of the Reserve Bank of India, sources added
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09.04.2024 | HDFC Bank Misses MSCI Threshold by a Hair's Breadth | HDFC Bank's foreign legroom inches close to the MSCI threshold but falls short by a mere 5 basis points, causing a ripple in the investment world. The potential for further selling this quarter could lead to a weight-up adjustment in the up... |
08.04.2024 | RBI Penalizes IDFC First Bank and LIC Housing Finance | Real Estate RBI Penalizes IDFC First Bank and LIC Housing Finance
08 Apr 2024 2 Min Read CW Team
The Reserve Bank of India (RBI) announced that it has taken stringent actions against IDFC First Bank and LIC Housing Finance for violations of... |
06.04.2024 | RBI penalises IDFC First Bank, LIC Housing Finance for non-compliance | RBI has imposed a penalty of ₹1 crore on IDFC First Bank for non-compliance with certain directions on ‘Loans and Advances – Statutory and Other Restrictions’.
The Statutory Inspection for Supervisory Evaluation for FY22 revealed that the b... |
05.04.2024 | Fixed deposit rates in April 2024: Why it's prime time for FD investments | The Reserve Bank of India (RBI) on Friday decided to keep the policy rate unchanged for the seventh time in a row. The rate increase cycle was paused in April last year after six consecutive rate hikes aggregating to 250 basis points since ... |
05.04.2024 | Monetary policy review: RBI rejigs quarterly GDP growth forecasts for FY25 | The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday rejigged the quarterly gross domestic product (GDP) growth estimates for FY25 while keeping the full-year projection unchanged at 7 per cent.
In its latest bi-... |
05.04.2024 | Titan Q4 results: Revenue grows 17% on robust demand for jewelry products | Indian jeweller and watchmaker Titan said on Friday its revenue grew 17% in the fourth quarter, aided by strong demand for its jewelry products.
Titan, a joint venture between salt-to-software conglomerate Tata Group and Tamilnadu Industria... |
05.04.2024 | Vistara apologises to passengers for flight cancellations amid pilot unrest | Vistara airline on Friday apologised to passengers for the flight cancellations and delays that have taken place since Monday amid pilot unrest.
"We acknowledge that the recent experience of our customers fell short of the standards th... |
05.04.2024 | Angel One garners Rs 1,500 cr via QIP to fund working capital requirements | Fintech player Angel One on Friday said it has raised Rs 1,500 crore through the Qualified Institutional Placement (QIP) route to fund working capital requirements of the company.
The issue, which was opened on March 26 and concluded on Apr... |
31.03.2024 | Fundraising via QIP hits Rs 78,000 cr in FY24 on strong market sentiment | Fuelled by improved market sentiments and robust underlying demand, fundraising by issuing shares/units to institutional investors soared to Rs 78,000 crore in 2023-24, a more than seven-fold surge year-on-year.
The 2024-25 fiscal is expect... |
21.03.2024 | Banks to remain open on March 31 despite Easter Sunday: Here's why | The Reserve Bank of India (RBI) has announced that all agency banks involved in government transactions will remain open on March 31, 2024. This decision coincides with Easter Sunday, a significant celebration for the Christian community. H... |
07.03.2024 | CBI raids 67 locations in UCO Bank’s IMPS transaction fraud | The Central Bureau of Investigation (CBI) has conducted another round of searches at 67 locations in seven cities in Rajasthan and Maharashtra to probe suspicious Immediate Payment Service (IMPS) transactions amounting to approximately ₹820... |
05.03.2024 | Bloomberg to add Indian bonds to emerging market indices in January 2025 | Bloomberg on Tuesday announced including Indian government securities called “Fully Accessible Route (FAR) bonds” in the Bloomberg Emerging Market (EM) Local Currency Government Index and related indices.
This will be done over 10 months, s... |
14.12.2023 | IDFC FIRST Bank, LIC Cards and Mastercard Collaborate to Launch a Co-branded Credit Card to Meet the Financial Needs of India | Mumbai, Maharashtra, India
IDFC FIRST Bank, LIC Cards and Mastercard today announced their collaboration to launch an exclusive co-branded credit card to meet the dynamic financial needs of India. Loaded with many exciting benefits such as ... |
13.12.2023 | Ind-Ra Affirms IDFC First Bank's Debt Instruments Ratings with Stable Outlook | Mumbai, Maharashtra, India
India Ratings and Research (Ind-Ra) has affirmed IDFC First Bank’s debt instruments ratings at ‘IND AA+’ with stable outlook, the private sector lender said on Tuesday.
India Ratings & Research (Ind-Ra) has re... |
12.12.2023 | Reserve Bank of India approves Crunchfish Digital Cash for Offline Retail Payments | Reserve Bank of India approves Crunchfish Digital Cash for Offline Retail Payments
Tue, Dec 12, 2023 08:30 CET Report this content
The Reserve Bank of India has concluded the Offline Retail Payments pilot that Crunchfish participated in tog... |
08.12.2023 | IDFC FIRST Bank and Mastercard Unveil the FIRST SWYP Credit Card - The Coolest Card for Today's Generation | Mumbai, Maharashtra, India
IDFC FIRST Bank expands its credit card offering for the youth with the introduction of the FIRST SWYP Credit Card. Created for today’s Gen Z generation, the card is designed to provide exciting lifestyle-related ... |
29.06.2023 | Crunchfish sign first Digital Cash commercial agreement | Crunchfish sign first Digital Cash commercial agreement
Thu, Jun 29, 2023 12:00 CET Report this content
As a result of the successful RBI pilot project to enable offline payments with Digital Cash, Crunchfish today entered a commercial lice... |
24.03.2023 | Crunchfish partners with IDFC FIRST Bank to demostrate offline retail payments in RBI’s pilot | Crunchfish partners with IDFC FIRST Bank to demostrate offline retail payments in RBI’s pilot
Fri, Mar 24, 2023 12:00 CET Report this content
IDFC FIRST Bank is set to be a part of RBI’s pilot project to enable offline payments. This projec... |
23.11.2022 | IDFC FIRST Bank Launches FIRSTAP, Country's First Sticker-based Debit Card | Mumbai, Maharashtra, India
IDFC FIRST Bank has launched FIRSTAP, the country’s first sticker-based debit card, in association with National Payments Corporation of India (NPCI), to facilitate transactions by simply tapping the sticker on a ... |
22.10.2022 | IDFC FIRST Bank Q2 FY23 Profit After Tax up 266 percent YoY at Rs. 556 Crore | Mumbai, Maharashtra, India
Financial results at a glance
Earnings
NII grew by 32% on YoY basis to Rs. 3,002 crore in Q2-FY23.
Net Interest Margin improved by 15 bps on YoY basis to 5.98% in Q2-FY23.
Fee and Other Income grew by 44% YoY to R... |
18.10.2022 | IDFC FIRST Bank Launches Digital Banking Units in Kendujhar and Dimapur | Mumbai, Maharashtra, India
IDFC FIRST Bank announced the launch of Digital Banking Units (DBUs) at Kendujhar in Odisha and Dimapur in Nagaland. The move is in sync with the Government’s initiative to deepen financial inclusion.
IDFC FIRST B... |
06.09.2022 | IDFC FIRST Bank Joins the Open Network for Digital Commerce (ONDC) | Mumbai, Maharashtra, India
IDFC FIRST Bank today signed up as participant in the Open Network for Digital Commerce (ONDC), an initiative of the Ministry of Commerce and Industry, to enable early adoption of the network among its customers.
... |
31.08.2022 | Banks are still collecting prescribed debts | Credit cards are life savers. We use them to pay a wide array of expenses in our everyday life. These include from big purchases valued in large amounts of money and probably expected to be paid in instalments for a couple of years, to dail... |
08.08.2022 | IDFC FIRST Bank Partners LetsVenture to Support Startups | Bengaluru | Mumbai, India
Bank’s FIRST WINGS program is dedicated to powering startups
As a preferred banking partner on LetsVenture’s Scalix platform, IDFC FIRST Bank will offer curated solutions to startups
IDFC FIRST Bank and LetsVenture... |
11.05.2022 | IDFC FIRST Bank Pledges Funds for Social Causes on Behalf of 10K Finishers at TCS World 10K Bengaluru | Mumbai | Bengaluru, India
IDFC FIRST Bank announced a pledge to contribute to social causes on behalf of every participant completing the 10K run in one hour at TCS World 10K Bengaluru. The initiative aligns with the Bank’s philosophy of be... |
29.03.2022 | IDFC FIRST Bank Announces Meritorious Scholarships For Data Science and Analytics Students of NMIMS, Mumbai | Mumbai, Maharashtra, India
IDFC FIRST Bank today announced scholarships for meritorious students of Mumbai’s leading institution, NMIMS’ School of Mathematics, Applied Statistics & Analytics (SOMASA). The scholarship is open to first-ye... |
21.03.2022 | IDFC FIRST Bank Stamps Presence in Participative Sport with Procam International | Mumbai, Maharashtra, India
To be Associate Sponsor to all four Procam running events
The association will commence with the Tata Consultancy Services (TCS) World 10K Bengaluru 2022
IDFC FIRST Bank today announced its inaugural sponsorship o... |
01.12.2021 | IDFC FIRST Bank Debuts FIRST Private Infinite Card, India's First Standalone Metal Debit Card | Mumbai, Maharashtra, India
IDFC FIRST Bank today announced the launch of FIRST Private Infinite, the country’s first-ever standalone metal debit card, in partnership with Visa, the global leader in digital payments.
IDFC FIRST Private Metal... |
19.11.2021 | HPCL and IDFC FIRST Bank Partner to Enable Fuel Payments Using FASTag | Mumbai, Maharashtra, India
IDFC FIRST Bank’s FASTag customers can now pay for fuel at HPCL retail outlets via HP PAY app
IDFC FIRST FASTag can be bought, recharged and replaced at HPCL’s select retail outlets
IDFC FIRST Bank and Hindustan P... |
16.11.2021 | BREAKING: DGV raises $3.1m to bring financial services to India’s underbanked dairy farmers | Digivriddhi Technologies (DGV), an Indian fintech startup focused on the dairy industry, has raised $3.1 million in its pre-Series A round.
Among the participants in the round was Info Edge Ventures, a fund backed by internet giant Info Edg... |
16.11.2021 | DGV raises $3.1m to bring financial services to India’s underbanked dairy farmers | Digivriddhi Technologies (DGV), an Indian fintech startup focused on the dairy industry, has raised $3.1 million in its pre-Series A round.
Info Edge Ventures, a fund backed by internet giant Info Edge — an early investor in food delivery d... |
- | India’s IDFC First Bank says merger will boost credit growth | India’s IDFC First Bank expects to see robust credit growth following its recent merger, according to managing director and CEO V. Vaidyanathan.
Last week, IDFC First Bank said its board had approved its merger with IDFC Ltd., the latest in... |