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IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.
IDFC FIRST Bank announced exercising a call option on its 9.75% Non-Convertible Debentures (NCDs) worth ₹7 Cr. Bondholders have been notified for redemption, impacting the bank's liability management.
IDFC FIRST Bank clarifies CREST news: reported amounts are already settled, posing no new financial liability for the bank. Chandigarh branch accounts are reconciled, with no further discrepancies. Bank reiterates future news on this matter reflects ongoing, settled legal processes.
IDFC FIRST Bank paid INR 583 Cr to the Haryana Government related to an ongoing investigation, emphasizing customer-first principles and intent to pursue perpetrators. The bank highlighted strong financials, including INR 5,62,090 Cr Customer Business, 16.22% Capital Adequacy, and expected profit growth from FY27.
IDFC FIRST Bank's senior management will host a conference call to discuss recent business developments. This provides investors an opportunity for insights into company updates.