IDFC First Bank trades in green on reporting 12% rise in customer deposits in Q4FY22
IDFC First Bank is currently trading at Rs. 43.70, up by 0.10 points or 0.23% from its previous closing of Rs. 43.60 on the BSE.
The scrip opened at Rs. 43.90 and has touched a high and low of Rs. 44.00 and Rs. 43.05 respectively. So far 1243295 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 62.00 on 09-Jun-2021 and a 52 week low of Rs. 37.70 on 29-Mar-2022.
Last one week high and low of the scrip stood at Rs. 44.00 and Rs. 38.10 respectively. The current market cap of the company is Rs. 27078.12 crore.
The promoters holding in the company stood at 36.51%, while Institutions and Non-Institutions held 29.35% and 34.15% respectively.
IDFC First Bank has posted 12.6% growth in customer deposits at Rs 93,138 crore for the fourth quarter ended March 31, 2022 (Q4FY22) as compared to Rs 82,725 crore in Q4FY21. Gross Funded Assets stood at Rs 132,067 crore at the end of the fourth quarter of 2021-22. CASA Ratio stood at 48.7% as of March 31, 2022 as compared to 51.7% as of March 31, 2021.
Average CASA for the quarter was 49.3%. Average LCR for Q4 FY22 was 135%. The Bank’s CASA deposits aggregated to Rs 51,407 crore as of March 31, 2022, a growth of around 12% over Rs 45,896 crore as of March 31, 2021 and a growth of 7.4% over Rs 47,859 crore as of December 31, 2021.
IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.