Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  IDFC Bank Ltd    IDFCBANK   INE092T01019

IDFC BANK LTD (IDFCBANK)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

IDFC Bank : Capital First announce merger, get board approval

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/14/2018 | 03:28am CET

Mumbai MONTHS after calling off the merger with Shriram Group, IDFC Bank found its match in Capital First to strengthen its base in banking business. On Saturday, IDFC said it will merge with Warburg Pinucsbacked Capital First in an allshare deal, while Capital First’s Chairman V Vaidyanathan will take over reins as the merged entity’s MD and CEO succeeding IDFC’s Rajiv Lall. The combined entity will have a diversified portfolio across corporate lending, SMEs and retail loans. “This announcement is pursuant to IDFC Bank’s stated strategy of ‘retailising’ its business to complete its transition from a dedicated infrastructure financier to a well-diversified universal bank, and in line with Capital First’s stated intention and strategy to convert to a universal bank,” IDFC said in a statement, adding that it will issue 139 shares for every 10 shares of Capital First. Rajiv Lall, currently the CEO of IDFC Bank, will move into the role of an executive chairman, replacing Veena Mankar, who will continue on the bank’s board. The board also appointed Bipin Gemani as interim chief financial officer of IDFC Bank. Gemani was previously the CFO of IDFC Ltd. The proposed merger, subject to regulatory and shareholder approvals, will together have assets under management of `880 billion, serving over 5 million customers across India. The combined entity will have a profit after tax of `12.7 billion as on FY17, a distribution network of 194 branches, 353 business Correspondent outlets.

(c) 2018 2017, Express Network Pvt Ltd. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on IDFC BANK LTD
11:20a IDFC BANK-CAPITAL FIRST MERGER : Share of retail loan to go up to 45%
01/15 IDFC BANK : Capital First may have to raise Rs 4,000 crore to meet norms
01/15 CAPITAL FIRST : IDFC Bank, Capital First announce merger; get approval
01/15 CAPITAL FIRST : likely to gain as board approves merger with IDFC Bank
01/14 IDFC BANK LIMITED : - News Clarification
01/14 CAPITAL FIRST LIMITED : - News Clarification
01/14 IDFC BANK : Capital First announce merger, get board approval
01/13 IDFC BANK : and Capital First Announce Merger Via Share Swap Deal
01/10 IDFC BANK : Capital first explore merger
01/05 IDFC BANK : to conduct board meeting
More news
Financials ( INR)
Sales 2018 33 136 M
EBIT 2018 15 952 M
Net income 2018 10 672 M
Debt 2018 -
Yield 2018 1,05%
P/E ratio 2018 21,06
P/E ratio 2019 17,17
Capi. / Sales 2018 6,60x
Capi. / Sales 2019 5,47x
Capitalization 219 B
Chart IDFC BANK LTD
Duration : Period :
IDFC Bank Ltd Technical Analysis Chart | IDFCBANK | INE092T01019 | 4-Traders
Technical analysis trends IDFC BANK LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 62,9  INR
Spread / Average Target -2,1%
EPS Revisions
Managers
NameTitle
Rajiv Behari Lall Chief Executive Officer, MD & Executive Director
Veena Vikas Mankar Independent Non-Executive Chairman
Abhijit Sen Independent Director
Ajay Sondhi Independent Director
Sunil Kakar Director
Sector and Competitors
1st jan.Capitalization (M$)
IDFC BANK LTD25.74%3 430
JP MORGAN CHASE & COMPANY5.36%384 584
INDUSTRIAL AND COMMERCIAL BANK OF CHINA0.81%334 892
BANK OF AMERICA5.66%319 803
WELLS FARGO3.10%308 238
CHINA CONSTRUCTION BANK CORPORATION2.73%267 588