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EXPLAINED: Idfc first bank - The Real Truth

Savings account interest rates of up to 7%: Canara Bank, Bank of India, IDFC First Bank revise rates; check details

Canara Bank, Bank of India, and IDFC FIRST Bank have announced updates to their savings account interest rates, which will take effect on September 1 and September 5, 2026. Canara Bank will offer interest from 2.50% to 4%, while Bank of India presents a range of 2.50% to 6.25%. IDFC…

The Economic Times

IDFC FIRST Bank earns international credit rating, marking a step towards global financial markets

IDFC FIRST Bank has been awarded a BBB- Long-Term and A-3 Short-Term credit rating, underscoring its strong capital position and operational expertise. This evaluation enhances the bank's access to international funding and global markets. The stability of its retail deposit base contributes to a solid outlook, setting the stage for…

The Economic Times

India's central bank withdraws over 6 trillion rupees of bank liquidity after record spike

The Reserve Bank of India absorbed more than ₹6 trillion through liquidity withdrawal operations after banking system surplus hit a record ₹11.6 trillion. Banks parked ₹2.59 trillion in a 30-day auction, while ₹3.53 trillion was offered in an overnight auction. The RBI may deploy additional reverse repos, market stabilisation bonds…

The Economic Times

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Stocks in news: Swiggy, Adani Ports, IDFC First Bank, Hexaware Technologies and Sun Pharma

Indian markets experienced a sharp decline on Wednesday due to global factors. Technical analysis suggests further downside potential for the Nifty index. Several companies like Swiggy and Adani Ports are in focus today. Hyundai Motor India aims to regain its market position with new launches. ONGC is reviewing its Venezuelan…

The Economic Times

IDFC First Bank 'scam': CBI files chargesheet against 6 Haryana IAS officers, 13 others

The CBI filed a chargesheet against nineteen accused in a Rs 504-crore fund misappropriation case. Six Haryana cadre IAS officers and bank officials were named in the chargesheet. The accused allegedly orchestrated a fraudulent scheme to misappropriate government funds. These funds were transferred to specific bank branches and then to…

The Economic Times

How NRIs split foreign and Indian income across NRE and NRO accounts

Non-Resident Indians utilize NRE accounts to facilitate smooth transfer of their overseas income. For income earned within India, they commonly rely on NRO accounts. Many opt to hold both types of accounts to distinctly manage their finances. This distinction enhances clarity and simplifies record-keeping across various income sources, allowing NRIs…

The Economic Times

Highest FCNR (B) interest rates: Check PSU vs private sector bank rates for NRIs, OCIs

FCNR (B) FD interest rates: The window for Non-Resident Indians to enjoy favorable FCNR(B) deposit rates is closing soon, specifically on August 31. With the government absorbing the hedging costs for these foreign currency deposits, this is an opportune moment for investors. Many banks are offering attractive interest rates, so…

The Economic Times

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BlackRock, Capital Group anchor IDFC FIRST Bank’s maiden $500 million global bond

IDFC FIRST Bank raised $500 million through its maiden international bond issuance, marking its entry into global debt markets. The three-year senior notes, due in 2029, carry a 5.625% coupon and attracted major investors including BlackRock, Capital Group and AllianceBernstein. The fundraising diversifies the bank’s funding base and supports its…

The Economic Times

Four Indian private banks eye dollar debt before RBI swap window deadline, bankers say

Four Indian private lenders are accelerating dollar bond plans before August 31. They aim to raise $1.85 billion, taking advantage of a central bank swap facility. Kotak Mahindra Bank leads this effort, setting final price guidance for its issuance. Other banks like YES Bank, IDFC First Bank, and Federal Bank…

The Economic Times

The hidden economics of international spending

The expansion of Indian international spending is rapidly increasing annually. The hidden costs of forex mark-up on credit cards can significantly inflate overseas purchases. Opting for zero forex mark-up cards provides considerable savings for those who travel often. As consumers assess credit cards based on avoided costs and enhanced experiences,…

The Economic Times

S&P assigns investment-grade rating to IDFC FIRST Bank. Can it lift the stock?

S&P Global Ratings has assigned IDFC FIRST Bank an inaugural investment-grade rating of BBB- for the long term, with a Stable Outlook. The rating is expected to strengthen the lender’s access to global funding markets and support international operations. S&P also highlighted strong capitalization, improving profitability, stable asset quality and…

The Economic Times

7 debit cards with complimentary airport lounge access in 2026 that you might not be aware of; 3 are without minimum spend criteria

Credit cards aren't the only way to unlock free airport lounge access. Discover 7 debit cards from ICICI, HDFC, SBI, PNB, IDFC First and Bank of Baroda offering complimentary domestic and international lounge visits, with some having no minimum spend criteria. Check out these 7 debit cards that offer lounge…

The Economic Times

Dividend alert! Last day to buy Maruti Suzuki, Grasim and 36 other stocks for payouts. Do you own any?

As per SEBI's T+1 settlement cycle, investors must buy a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to…

The Economic Times

How the rain gods impact the Indian economy

IDFC FIRST Bank Chief Economist Gaura Sengupta analyzes how El Nino and monsoon performance shape India's economic growth and inflation. While expanding irrigation and a growing allied sector have reduced agriculture's direct sensitivity to rainfall deficits, volatile weather and global pressures could still weigh on rural demand and push inflation…

The Economic Times

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The Economic Times

Ahead of Market: 10 things that will decide stock market action on Tuesday

Indian markets snapped a five-session losing streak as easing Iran-US tensions, lower crude prices and upbeat earnings lifted sentiment. Sensex climbed 776 points and Nifty reclaimed 23,996, with analysts eyeing 24,250–24,300 if the index sustains above the 24,000 mark.

The Economic Times

IDFC First Bank shares soar 9% after Q1 profit jumps 132% to Rs 1,075 crore. What are analysts saying?

IDFC First Bank share price gained 9% after it reported its highest-ever quarterly profit after tax of Rs 1,075 crore. Net interest income rose 21.1% year-on-year, and net interest margin also improved. Gross non-performing assets fell to 1.51%, showing further improvement in asset quality. The bank received claims worth Rs…

The Economic Times

IDFC First Bank Q1 Results: Profit shoots up 132% YoY to record Rs 1,075 crore; NII jumps 21%

IDFC First Bank Q1 Results: IDFC FIRST Bank on Saturday reported its highest-ever quarterly profit after tax (PAT) of Rs 1,075 crore for the quarter ended June 30, 2026, marking a 132.4% year-on-year increase from Rs 463 crore in the corresponding quarter last year.

The Economic Times

Highest 5-year senior citizen FD interest rates: Public vs private sector banks- which offers highest maturity

Highest FD rates: Senior citizens can secure higher returns on fixed deposits with select banks. Bandhan Bank, IndusInd Bank, and YES Bank offer 7.75% on three-year FDs. DCB Bank leads with an 8.00% interest rate for five-year fixed deposits. Public sector banks like Bank of India provide 7.45% on three-year…

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The Economic Times

IDFC First Bankscam: CBI searches in Chandigarh, Ludhiana

The CBI conducted searches in Chandigarh and Ludhiana concerning a Rs 657 crore fund misappropriation. These searches targeted beneficiaries and public servants involved in the alleged fraud. Incriminating documents and digital evidence were recovered during the extensive searches. The investigation was transferred from Haryana's vigilance bureau to the CBI. This…

The Economic Times

RBI likely used dollar deposit surge to cut record FX forward book, economists say

Reserve Bank of India likely used deposit inflows to reduce its forward book. This action helped the central bank manage its near-term dollar obligations effectively. Economists suggest this strategy offset short-dollar positions in the forward market. Inflows attracted over twenty billion dollars, with most from foreign currency deposits. June data…

The Economic Times

The experience economy is reshaping consumer finance

Young professionals now prioritize experiences, shifting financial goals from tangible assets. Consumers globally continue to spend on travel and experiences despite economic uncertainty. Financial institutions are adapting by designing products around lifestyles and travel utility. This evolution means financial products increasingly enable experiences rather than just purchases. The future of…

The Economic Times

Quant Small Cap Fund exits RIL, 8 others; raises exposure to two Adani stocks. Check full list

Quant Small Cap Fund made a major portfolio reshuffle in June, exiting Reliance Industries and eight other stocks while increasing exposure to Adani Enterprises, Adani Green Energy and 13 more companies. The fund also added Bharti Airtel, IDFC First Bank and LIC Housing Finance as new portfolio entrants.

The Economic Times

Stocks in news: Adani Enterprises, Cochin Shipyard, IDFC First Bank, Premier Energies, Glenmark Pharma

Markets traded subdued on the weekly expiry day, with indices ending marginally lower. Cochin Shipyard's offer for sale saw strong investor demand on its first day. Adani Enterprises' US legal case faces a likely dismissal by federal prosecutors. IDFC First Bank launched provident fund payment services through its EPFO integration.…

The Economic Times

IDFC First Bank Q1 update: Loan book grows 21% YoY to Rs 3.05 lakh crore; shares rise 2%

IDFC First Bank reported strong provisional Q1 FY27 business growth, with loans and advances rising 20.6% year-on-year and deposits increasing 18%. CASA deposits and the CASA ratio also improved, reflecting healthy balance sheet expansion. The stock gained nearly 2% following the business update, while the bank maintained steady lending momentum.

The Economic Times

Haryana scam shocker: IAS officer arrested on retirement day in ₹593-crore IDFC Bank fraud probe

In a significant development, the CBI apprehended senior IAS officer Pardeep Kumar on his retirement day in connection with a ₹593-crore Haryana government funds scam. Investigators allege Kumar's direct involvement in the siphoning of ₹169 crore from the Pollution Control Board, marking the largest loss in the wider fraud. This…

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