Diabytes
IDFC First Bank News
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Retail Banking (Rs 12,760.49 crore) contributed the most in the private bank's revenue during the April-June quarter, followed by Treasury (Rs 7,374.51 crore), and Wholesale Banking (Rs 2,651.54 crore).
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Check out the latest credit card and debit card rules of ajor private sector lenders ICICI Bank, HDFC Bank and IDFC First Banks that is going to impact their finances.
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IDFC First Bank will levy a surcharge, at 1 percent plus GST, but only when utility bill payments exceed Rs 20,000 in a statement cycle.
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The Scheme remains subject to other statutory and regulatory approvals inter alia including from the National Company Law Tribunal and the respective shareholders and creditors of the companies involved in the Scheme, under applicable laws, added IDFC Ltd.
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LIC Classic and LIC Select, the credit cards will provide more than 27 crores policyholders across the country an opportunity to save in the form of reward points on every LIC insurance premium payment.
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Informing BSE on the status of shareholding in the entity with whom the agreement is executed, the bank said that NSDL does not hold any shares in IDFC FIRST Bank Limited.
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Net Interest Income (NII) for the year grew 30 percent to Rs 12,635 crore in FY23 from Rs 9,706 crore in FY22.
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Fixed deposits are the most popular option for investors with a zero risk tolerance profile who want to invest to build wealth without relying on market returns.
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Commercial banks are raising their deposit and lending rates in response to the tightening rate environment.
ICICI Bank, Kotak Mahindra Bank, HDFC Bank, and Punjab National Bank had raised their interest rates on both savings and loans.
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Bhagwati's appointment is for a period of three years with effect from February 18, 2022, subject to approval of shareholders.
He is an independent director of IDFC Ltd--the parent company of IDFC FIRST Bank.
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IDFC First Bank’s zero balance savings account - Pratham Savings Account comes with an interest rate of 4.00 per cent.
State Bank of India’s zero balance savings account offers an interest rate of 2.70 per cent.
Yes Bank comes with a 4.00 per cent rate of interest for its zero balance savings account.
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In a regulatory filing made to the BSE, IDFC said that the RBI on July 20 clarified that "after the expiry of lock-in period of 5 years, IDFC Limited can exit as the promoter of 'IDFC FIRST Bank Limited'".
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The programme is funded by the employees of the bank.
IDFC FIRST Bank has also rolled out several other initiatives for its employees.
1000+ ration kits in Maharashtra, Rajasthan and Haryana have been delivered.
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The private lender’s credit card customer base jumped by 672,911.
RBI had barred HDFC Bank from offering any new digital banking initiatives.
IDFC First Bank successfully added over 1.5 lakh customers.
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IDFC First Bank has slashed its interest rates on savings accounts from 6% to 4-5%.
The new rates will be effective from 1 May.
Bank customers with balances up to Rs 2 crore will get a 5% interest rate.
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The board of IDFC Bank also approved appointment of Rajiv Lall, Founder MD & CEO of IDFC Bank, as part-time non-executive chairman of IDFC First Bank, subject to approval from the RBI.
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