IDFC Bank Now in Elite Group

IDFC First Bank’s recent rise has impressed everyone.  Let’s explore >>

IDFC First Bank's Remarkable Rise

IDFC First Bank enters India's top 10 most valuable lenders, surpassing Union Bank and Canara Bank with a valuation of Rs 65,325 crore as of September 4.

India’s Top Banks

HDFC Bank leads the charge with a market cap of Rs. 12 Lakh Crores, followed by ICICI, SBI, Kotak Mahindra and Axis Bank for the Top 5 spots.

Impressive Stock Performance

IDFC First Bank's shares reached a record high of Rs 98.99, leading all banks with a 67% surge this year, driven by the merger and MSCI Global Standard Index inclusion.

Strong Financial Performance

IDFC First Bank reports robust financials, including a 36% YoY increase in net interest income and a 61% surge in net profit for the June quarter.

Improvement in Key Metrics

Return on Assets (RoA) and Return on Equity (RoE) improved to 1.25% and 11.78%, respectively, while the cost-to-income ratio remains elevated at 71%.