Last Updated: Friday, August 28, 2015, 22:36
Infra-sector lender IDFC Ltd on Friday said its board has approved raising of up to Rs 80,000 crore by issuing non-convertible securities on private placement basis to expand business.
Last Updated: Tuesday, August 4, 2015, 15:23
With the demerger of financial undertaking from IDFC Ltd, IDFC Bank will kick-start its lending operations from October 1, 2015.
Last Updated: Friday, July 31, 2015, 20:42
IDFC on Friday said government's moves on gas and power sector have not had desired impact and it is forced to create a special reserve of Rs 4,500 crore to cover expected losses from power sector loans, which will ring-fence its soon-to-be-launched universal bank.
Last Updated: Friday, July 31, 2015, 13:11
"Given that we will be transitioning to a bank by the end of second quarter of 2015-16 with no visible solution for these assets, we believe it is prudent for us to make incremental provisions against known risks," IDFC said in a BSE filing.
Last Updated: Thursday, July 30, 2015, 13:09
Total income increased marginally to Rs 2,087.08 crore for the quarter ended June 30, from Rs 2,039.17 crore for the quarter ended June 30, 2014, IDFC said in a BSE filing.
Last Updated: Friday, July 24, 2015, 11:21
The bank proposes to start operations with 20 branches.
Last Updated: Tuesday, June 16, 2015, 15:28
IDFC, which is targeting full-fledged debut as bank by October, Tuesday said it is working on a "binary strategy" that will entail opening branches in metros as well as backward districts of the country.
Last Updated: Monday, June 15, 2015, 17:42
"In this role, Mahajan will oversee coverage of SME, mid-cap and large corporates, financial institutions, government business and transaction banking, treasury and markets and investment banking," IDFC said in a statement.
Last Updated: Friday, June 12, 2015, 20:12
The Securities and Exchange Board of India (Sebi) has decided to re-investigate the matter as 'inconsistencies' have been found in the case.
Last Updated: Friday, May 29, 2015, 19:34
Rating agency Fitch on Friday affirmed 'BBB-' rating with a stable outlook on infra lender IDFC -- which is racing to convert itself as a commercial bank -- despite the company facing severe asset quality issues.
Last Updated: Thursday, May 28, 2015, 13:36
A host of modifications will also be introduced by its Index Maintenance Sub-Committee in various other NSE indices such as CNX Nifty Junior, CNX 100, CNX 200, CNX 500 and CNX Service Sector during a periodic review.
Last Updated: Sunday, May 24, 2015, 11:12
There will be a significant increase in the salary at mid and senior levels, with most of the companies expanding their portfolio in the sector to retain the talent and compensation and increment rate can go anywhere between 10-15% for top performers.
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