You asked: Is IDFC bank safe for investment?

Is it safe to invest in IDFC bank?

The second aspect to note is that the deposits are AAA rated by CRISIL, which is the highest level of safety. This is for the bank’s fixed deposit programme. So, based on the above parameters, we can fairly conclude that the savings bank account of IDFC First is rather safe at the moment.

Is IDFC bank in loss?

Private sector lender IDFC First Bank reported a standalone net loss of ₹630.04 crore in the first quarter of the fiscal year due to a sharp rise in provisions. The bank had reported a standalone net profit of ₹93.54 crore in the quarter ended June 30, 2020.

Is IDFC good for long term?

and IDFC First have done pretty well in the recent past. The asset quality has been improving. … They have also raised capital a few months back and the asset quality has been improving. If you have a long-term view, you should go and buy into these banks.

Is IDFC bank RBI approved?

IDFC Limited was set up in 1997 to finance infrastructure, focusing primarily on project finance and mobilization of capital for private sector infrastructure development. … In 2014, the Reserve Bank of India (RBI) granted an in-principle approval to IDFC Limited to set up a new bank in the private sector.

IT IS INTERESTING:  Where do I find total dividends paid?

Which is best shares to buy?

Stocks to Buy Today: Best Shares to Buy in India

Name LTP Low
I R C T C 3,296.40 3,266
UTI AMC 1,175.75 1,160
Oil India 189.65 181
Trent 1,033.85 995

Can I do FD of 1 crore?

One Crore FD Interest depends on the FD tenure and rate of interest.

₹ 1 Crore FD: Details.

Banks FD Interest on ₹ 1 Crore Senior Citizen Rates on ₹ 1 Crore FD
Bajaj Finance 5.65% – 6.50% 5.90% – 6.75%
SBI 2.90% – 5.40% 3.40% – 6.20%
IDFC First Bank 2.75% – 5.75% 3.25% – 6.25%

Why IDFC bank is falling?

Shares of IDFC First Bank fell after the lender reported weaker-than-expected asset quality in the first quarter of the current financial year. The bank reported a net loss of Rs 630 crore in the April-June quarter, compared with a net profit of Rs 94 crore a year ago.

Why is IDFC bank falling?

Private lender IDFC First Bank on Saturday reported a net loss of Rs 630 crore in the April-June quarter due to provisioning measures for cushioning the impact of the second wave of the Covid-19 pandemic.

Why IDFC bank is in loss?

Asset quality of the bank has deteriorated both sequentially and YoY, indicating the stress due to covid. … Gross NPAs rose to 4.61 per cent, up 46 basis points (bps) sequentially and 262 bps on a YoY basis.

Which is better IDFC or HDFC?

HDFC Bank scored higher in 7 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Senior Management, Culture & Values, % Recommend to a friend and Positive Business Outlook. IDFC scored higher in 1 area: Work-life balance.

IT IS INTERESTING:  What are investors looking for?

Is RBL bank a good buy?

RBL Bank Ltd is quoting at Rs 166.3, up 2.18% on the day as on 12:54 IST on the NSE. The stock is down 15.13% in last one year as compared to a 48.19% jump in NIFTY and a 51.86% jump in the Nifty Bank index. The benchmark NIFTY is up around 1.02% on the day, quoting at 16875.1. …

Is it good to invest in Federal Bank?

Analysts see Federal Bank as a good stock in medium-to-long-term investment. … At the end of the March 2021 quarter, ace investor Rakesh Jhunjhunwala held 4.72 crore shares or a 2.40 per cent stake in Federal Bank. In the December 2020 quarter also, Jhunjhunwala held a 2.40 per cent stake in Federal Bank.

Who is owner of HDFC bank?

Who is owner of IDFC Bank?

Is IDFC a Nationalised bank?

IDFC Bank Limited (“IDFC Bank”) is a professionally managed new private sector bank in India, promoted by IDFC Limited (“IDFC”). … Our Bank has three business verticals namely Commercial and Wholesale banking, Rural banking, Personal and Business banking.

Capital