IDFC First Bank gains on joining Open Network for Digital Commerce
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
IDFC First Bank is currently trading at Rs. 50.05, up by 0.15 points or 0.30% from its previous closing of Rs. 49.90 on the BSE.
The scrip opened at Rs. 49.90 and has touched a high and low of Rs. 50.35 and Rs. 49.45 respectively. So far 1149688 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 53.50 on 27-Oct-2021 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. 51.20 and Rs. 48.30 respectively. The current market cap of the company is Rs. 31163.61 crore.
The promoters holding in the company stood at 36.48%, while Institutions and Non-Institutions held 25.38% and 38.14% respectively.
IDFC First Bank has joined Open Network for Digital Commerce (ONDC), an initiative of the Ministry of Commerce and Industry, to enable early adoption of the network among its customers. As an early mover in the ONDC network, the Bank has enabled a platform for buyers which will help them discover sellers in the ONDC Network as it develops over time.
The bank has also started onboarding small merchants, who are its current account customers, onto a partner app registered with ONDC. The app is expected to help small merchants carry out transactions over ONDC's electronic network and step up their digital footprint.
IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.
