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MarketScreener Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  IDFC Bank Ltd       INE092T01019

IDFC BANK LTD

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End-of-day quote. End-of-day quote NATIONAL STOCK EXCHANGE OF INDIA - 01/15
47.05 INR   +0.32%
2018WALL STREET STOCK EXCHANGE : India's shadow banking sector likely to face shake-up after default
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IDFC Bank : re-named as IDFC First Bank

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01/12/2019 | 03:35pm EDT

NEW DELHI: Private sector lender IDFC Bank said its name has been changed to IDFC First Bank Ltd with effect from Saturday.

"The name of the Bank has been changed from IDFC Bank Ltd to 'IDFC First Bank Limited' with effect from January 12, 2019, by virtue of 'Certificate of Incorporation pursuant to a change of name' issued by the Registrar of Companies, Chennai," it said in a BSE filing.

IDFC Bank and non-banking financial company Capital First had announced the completion of their merger on December 18, creating a combined loan asset book of Rs 1.03 lakh crore for the merged entity.

Following the merger, the board of IDFC Bank had approved the appointment of V Vaidyanathan, founder and chairman of Capital First Ltd, as managing director and chief executive officer of the merged entity.

The combined entity will serve 7.2 million customers through 203 bank branches, 129 ATMs and 454 rural business correspondent centres.

(c) 2019, Express Network Pvt Ltd. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (INR)
Sales 2019 39 450 M
EBIT 2019 -254 M
Net income 2019 -1 591 M
Debt 2019 -
Yield 2019 0,99%
P/E ratio 2019 -
P/E ratio 2020 31,12
Capi. / Sales 2019 6,35x
Capi. / Sales 2020 4,54x
Capitalization 250 B
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Income Statement Evolution
Consensus
 
Mean consensus HOLD
Number of Analysts 9
Average target price 48,0  INR
Spread / Average Target -8,3%
EPS Revisions
Managers
NameTitle
Vembu Vaidyanathan Chief Executive Officer & Managing Director
Rajiv Behari Lall Non-Executive Chairman
Avtar Monga Executive Director
Abhijit Sen Independent Director
Veena Vikas Mankar Independent Director
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