Is IDFC share good for long term?

Some of the midcap banks like Federal Bank and IDFC First have done pretty well in the recent past. The asset quality has been improving. They have also raised capital a few months back and the asset quality has been improving. If you have a long-term view, you should go and buy into these banks.

What will happen to IDFC bank shares after merger with Capital first?

As part of the merger agreement, shareholders will receive 139 shares of IDFC Bank for each 10 shares held of Warburg Pincus-backed Capital First. On a combined basis, IDFC First Bank has on-book loan assets of ₹ 1,02,683 crore.

Will IDFC First Bank share go up?

Will IDFC First Bank stock price grow / rise / go up? Yes. The Idfc Bank Ltd stock price can go up from 50.800 INR to 64.970 INR in one year.

How long should I hold my investments?

For fundamental investors, it is generally better to hold stocks for the long term, meaning at least months and preferably a decent amount of years. Holding stocks for short time periods is rather considered speculating instead of investing and will essentially increase your risk of losing money in the long run.

How strong is IDFC First Bank?

IDFC FIRST Bank now has a strong funded asset base of more than ₹ 1,10,400 crore with 37\% in the retail segment. Its quarterly annualised Net Interest Margin has expanded from 1.9\% to 3.0\% post-merger. The Bank now enjoys a leading position in some of the retail asset segments.

Why IDFC first bank shares are falling?

Shares of IDFC First Bank fell after the lender reported weaker-than-expected asset quality in the first quarter of the current financial year. The bank reported a net loss of Rs 630 crore in the April-June quarter, compared with a net profit of Rs 94 crore a year ago.

What happened to capital first shares?

As per the terms of the merger agreement, shareholders have received 139 shares of IDFC Bank for 10 shares held in Capital First. The merged entity is now called IDFC First Bank. The merger was completed on December 18, 2018, following the receipt of all requisite shareholder and regulatory approvals.

Is IDFC First Bank and Capital First are same?

Yes, the Honorable National Company Law Tribunals of Mumbai and Chennai have approved the merger of Capital First Ltd. with IDFC Bank Ltd. and with effect from 18th December 2018, Capital First and IDFC Bank will operate as one entity.

When should you buy shares?

The best time to buy stocks is when share prices of a given stock are at a low. Of course, there is a chance that they will drop even further, but buying at a low price is significantly safer than buying at a high price where the price of the stock is unlikely to climb much higher.

Is IDFC First Bank safe?

9,594 crore as on June 30, 2019. The various other positive aspects include high growth in net interest margins and improved cost to income ratio. The second aspect to note is that the deposits are AAA rated by CRISIL, which is the highest level of safety.

What is the revenue of IDFC First Bank in last 3 years?

IDFC First Bank has earned Rs 15,967.86 Cr. revenue in the latest financial year. It has posted outstanding revenue growth of 21.38 \% in last 3 Years. In terms of advances, the bank reported 17.47 \% YOY, rise . If you see 3 years advance growth, it stands at 24.45 \%.

What is the p/b ratio of IDFC First Bank?

The best metric which provides insights about bank’s valuation is P/B ratio. Currently IDFC First Bank is trading at a P/B of 1.48 . The historical average PB was 1.26. IDFC First Bank Ltd. was formed with the merger between erstwhile Capital First and erstwhile IDFC Bank. It is a banking company.

What is the NSE symbol for IDFC First Bank?

IDFC First Bank Ltd. NSE Symbol: IDFCFIRSTB | BSE Code: 539437 | ISIN: INE092T01019 | Sector: banking and financial services

Which banks have entered into a partnership with IDFC First Bank?

IDFC First Bank, Bajaj Finance and Vivo have entered into partnership to waive dealer charges paid by retailers for selling devices under installment schemes. IDFC FIRST Bank has opened its MBA Scholarship programme for the batch of 2020-2022, as part of its Corporate Social Responsibility (CSR).