9.38%IDFC First Bank Limited 12 Sep 2024
ISIN:
INE092T08BP0
Taxable
Tax Category
12 Sep, 2024
Maturity Date
(-8 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
12 Sep, 2014
Allotment Date
NA
Put Date
12 Sep, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
IDFC First Bank Limited
IDFC FIRST came into effect on December 18, 2018, after the merger of IDFC Bank Ltd (IDFC Bank) and Capital First Ltd (CFL). IDFC Bank was initially established as IDFC Ltd in 1994 to facilitate infrastructure finance in the country. In 2014, IDFC Ltd got a banking license from the RBI and IDFC Bank launched operations on October 1, 2015. Post the conversion to bank, all the lending business of IDFC Ltd was transferred to IDFC Bank. It had a network of 641 branches as on March 31, 2022.
The ratio in FY23 is 4.57x and it was 6.96x in FY22, indicating decrease in debt levels due to increase in the profitability of the issuer.
Debt/EBITDA
The ratio in FY23 is 1.24 x and it was 1.02x in FY22, indicating a bit increase in issuers debt servicing ability, due to increase in the profitability<em>.</em>
Interest coverage ratio
Recent News
IDFC FIRST Bank joins the Open Network for Digital Commerce (ONDC).
Jun 01, 2023 | IDFC First Bank Limited
Jefferies India begins coverage on IDFC First Bank, raises target to Rs 100
Apr 12, 2024 | IDFC First Bank Limited
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