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Announcements and dividends declared by First Bank FRBA

Buy IDFC First Bank; target of Rs 70: ICICI Direct
ICICI Direct is bullish on IDFC First Bank recommended buy rating on the stock with a target price of Rs 70 in its research report dated January 23, 2023.
Announcement as on 24 January 2023

IDFC First Bank Q3 net profit doubles to Rs 605 crore on growth in income
IDFC First Bank on Saturday reported a two-fold jump in its net profit to Rs 605 crore for the quarter ending December 2022, driven by growth in operating income. The private sector bank had reported a profit of Rs 281 crore for the October-December period
Announcement as on 21 January 2023

IDFC First Bank net profit jumps 115% to Rs 605 crore
The bank, which was created by the demerger of the infrastructure lending business of IDFC to IDFC Bank in November 2015, continued to wind down infrastructure financing and reduce single borrower exposure as per stated strategy.
Announcement as on 21 January 2023

IDFC First Bank Q3 results: Profit more than doubles to Rs 605 cr on strong core operating income growth
While the core operating income grew 32% year-on-year to Rs 4,402 crore, operating expenses rose at a slower pace than income growth at only 23% YoY, which resulted in improved operating leverage.
Announcement as on 21 January 2023

IDFC First Bank Q3 result: Net profit jumps 115% to Rs 605 crore, NII up 27%
The bank’s infrastructure financing reduced by 31 percent YoY and accounted for only 3.7 percent of the total funded assets, as part of the strategy to wind down infrastructure funding
Announcement as on 21 January 2023

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