IDFC FIRST Bank gains on partnering with Anantham Online to enable CBDC payments
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IDFC First Bank is currently trading at Rs. 54.88, up by 0.13 points or 0.24% from its previous closing of Rs. 54.75 on the BSE.
The scrip opened at Rs. 54.59 and has touched a high and low of Rs. 55.19 and Rs. 54.20 respectively. So far 2245328 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 64.30 on 15-Dec-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 58.09 and Rs. 54.20 respectively. The current market cap of the company is Rs. 34100.59 crore.
The promoters holding in the company stood at 36.38%, while Institutions and Non-Institutions held 33.59% and 30.03% respectively.
IDFC FIRST Bank and Anantham Online have partnered to enable acceptance of Digital Rupee at Kochi Metro’s parking locations. This partnership comes at the back of the recently launched CBDC (Central Bank Digital Currency), a pilot program launched by the RBI (Reserve Bank of India) for retail users.
This project will help Kochi Metro users to pay digitally using their Bank’s CBDC Wallets and avoid cash transactions. Currently CBDC is in the first phase of its implementation with 4 banks including IDFC FIRST Bank. Digital Rupee acts just like cash transactions to instill safety and trust.
IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.
