IDFC First Bank falls despite its customer deposits rise 36% in Q1FY22
IDFC First Bank is currently trading at Rs. 53.70, down by 0.75 points or 1.38% from its previous closing of Rs. 54.45 on the BSE.
The scrip opened at Rs. 54.45 and has touched a high and low of Rs. 54.65 and Rs. 53.50 respectively. So far 2183271 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 69.30 on 04-Mar-2021 and a 52 week low of Rs. 24.10 on 16-Jul-2020.
Last one week high and low of the scrip stood at Rs. 56.20 and Rs. 53.45 respectively. The current market cap of the company is Rs. 33454.84 crore.
The promoters holding in the company stood at 39.98%, while Institutions and Non-Institutions held 27.72% and 32.31% respectively.
IDFC First Bank’s customer deposits aggregated to Rs 84,583 crore as of June 30, 2021 (Q1FY22), a growth of around 35.53% over Rs 62,409 crore as of June 30, 2020 and a growth of around 2.25% over Rs 82,725 crore as of March 31, 2021.
The Bank’s CASA deposits aggregated to approximately Rs 46,449 crore as of June 30, 2021, a growth of around 97.73% over Rs 23,491 crore as of June 30, 2020 and grew by 1.29% over Rs 45,896 crore as of March 31, 2021. The Bank’s Average CASA ratio stood at around 50.27% as of June 30, 2021, as compared to 32.00% as of June 30, 2020 and 50.23 % as of March 31, 2021.
IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.