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    539437   INE092T01019

IDFC FIRST BANK LIMITED

(539437)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-09-22
48.70 INR   -3.94%
09/21India's banking system liquidity may remain in deficit in second half- analysts
RE
09/13India's RBI may hike rates by 50 bps as inflation accelerates - analysts
RE
09/01India's Q1 growth may not deter RBI from raising rates -analysts
RE
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India's SpiceJet settles with lessors for Boeing aircraft

08/16/2022 | 12:43am EDT
FILE PHOTO: Man looks out through a window with an advertisement of SpiceJet Airline, on a commercial building in the western Indian city of Ahmedabad

BENGALURU (Reuters) - Indian low-cost carrier SpiceJet Ltd said on Tuesday it has entered into a settlement agreement with aircraft lessor Goshawk Aviation Ltd and its affiliates related to three Boeing aircraft.

The airline said that the agreement - the terms of which are confidential - ends all litigation proceedings between the parties, adding that this will allow SpiceJet to add two more fuel-efficient Boeing 737 MAX aircraft and one Boeing 737-800 NG aircraft to its fleet.

Recently, SpiceJet has been in trouble with its lessors, Ireland-based Alterna Aircraft Ltd and United Arab Emirates aeronautics firm AWAS, who asked the Indian aviation regulator to de-register their planes.

Last week, Reuters reported lenders IDFC First Bank, Yes Bank and Indian Bank, had put their loans to the airline in the high-risk category.

SpiceJet, however, had rejected the claims.

(Reporting by Nishit Navin in Bengaluru; Editing by Neha Arora)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
FIRST BANK -0.77% 14.15 Delayed Quote.-2.48%
IDFC FIRST BANK LIMITED -3.94% 48.7 End-of-day quote.0.72%
IDFC LIMITED -2.87% 65.9 End-of-day quote.4.44%
INDIAN BANK -2.33% 197.15 End-of-day quote.41.33%
SPICEJET LIMITED -0.87% 40.1 End-of-day quote.-41.12%
THE BOEING COMPANY -5.37% 131.26 Delayed Quote.-31.10%
YES BANK LIMITED -3.28% 16.2 End-of-day quote.18.25%
All news about IDFC FIRST BANK LIMITED
09/21India's banking system liquidity may remain in deficit in second half- analysts
RE
09/13India's RBI may hike rates by 50 bps as inflation accelerates - analysts
RE
09/01India's Q1 growth may not deter RBI from raising rates -analysts
RE
08/21India's headline inflation may ease below 6% by March -analysts
RE
08/16India's SpiceJet settles with lessors for Boeing aircraft
RE
08/16India inflation may remain elevated despite July dip - analysts
RE
08/12India may issue fresh 10-year bonds next week; strong demand seen - analysts
RE
08/10IDFC Swings to Profit in Fiscal Q1
MT
08/08India shares close at near 4-month high as metals, autos gain
RE
08/08SpiceJet loans 'high risk' for some lenders, say sources
RE
More news
Analyst Recommendations on IDFC FIRST BANK LIMITED
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Financials
Sales 2023 155 B 1 909 M 1 909 M
Net income 2023 15 207 M 187 M 187 M
Net Debt 2023 - - -
P/E ratio 2023 20,0x
Yield 2023 0,32%
Capitalization 303 B 3 735 M 3 735 M
Capi. / Sales 2023 1,96x
Capi. / Sales 2024 1,68x
Nbr of Employees 27 804
Free-Float 44,5%
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Technical analysis trends IDFC FIRST BANK LIMITED
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Mean consensus -
Number of Analysts 0
Last Close Price 48,70
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Spread / Average Target -
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Managers and Directors
Vembu Vaidyanathan Chief Executive Officer, Director & MD
Sudhanshu Jain Chief Financial Officer
Sanjeeb Chaudhuri Independent Non-Executive Chairman
Madhivanan Balakrishnan Chief Operating Officer
Satish Ashok Gaikwad Secretary, Chief Compliance Officer & Head-Legal
Sector and Competitors