The variety of shares have been raised from 1.42 crore to twenty crore on a preferential foundation, which is 0.20% of the pre-issue paid-up capital to 2.68% of the put up problem paid-up capital, the LIC submitting mentioned.
The announcement was made put up the market hours and IDFC First Financial institution’s shares on Thursday ended at Rs 81.19 on the BSE, gaining by Rs 0.32 or 0.40%. In the meantime, LIC shares closed at Rs 1010.05, gaining Rs 22.25 or 2.25% over Wednesday’s closing worth.
IDFC First Financial institution has been a market laggard for the previous 12 months returning almost 3% on this interval. This yr, it has seen its share worth erode by 8%. The inventory is down by 24% from its 52- week excessive of Rs 100.74.
IDFC First Financial institution reported a web revenue of Rs 724.35 crore for the quarter ended March 31, which was down from Rs 802.62 crore reported by the lender within the year-ago interval. The curiosity earnings was reported at Rs 8,219.21 crore within the January-March quarter, which was greater from Rs 6,424.35 crore reported within the year-ago interval. It was up by 28% on the year-on-year foundation.Curiosity expended in the course of the three-month interval ended March 31, 2024, stood at 3,750.34 crore versus Rs 2,827.60 crore reported in Q4FY23. It was up by 32.63%.Whole deposits of the financial institution elevated by 38.7% Y0Y from Rs 1,44,637 crore as of March 31, 2023 to Rs 2,00,576 crore as of March 31, 2024.Whereas buyer deposits elevated by 41.6% YoY from Rs 1,36,812 crore as of March 31, 2023, to Rs 1,93,753 crore as of March 31, 2024, the CASA deposits grew by 31.7% YoY from Rs 71,983 crore as of March 31, 2023 to Rs 94,768 crore as of March 31, 2024.
CASA Ratio stood at 47.2% as of March 31, 2024.
