Fitch retains BBB- rating on IDFC despite asset quality risks
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.
May 29, 2015, 19:34 PM IST
IDFC to sign out of Nifty tomorrow, Bosch in
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.
May 28, 2015, 13:36 PM IST
Banking sector likely to witness up to 25% increase in hiring
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.
May 24, 2015, 11:12 AM IST
IDFC to increase provisioning for exposures
The power sector comprises 40 percent of IDFC's book, which decreased 8 percent in FY15 to Rs 54,745 Cr.
May 04, 2015, 18:37 PM IST
IDFC Q4 net up 48.17% to Rs 382.21 cr
Infrastructure finance company IDFC Thursday reported a 48.17 percent jump in consolidated net profit at Rs 382.21 crore for the fourth quarter ended March 31, 2015.
Apr 30, 2015, 21:45 PM IST
IDFC to exit Nifty index, Bosch new replacement
Infrastructure financing firm IDFC will move out of the National Stock Exchange's benchmark index Nifty and will be replaced by auto component major Bosch.
Apr 29, 2015, 22:07 PM IST
IDFC to exit Nifty index, Bosch new replacement
Infrastructure financing firm IDFC will move out of the National Stock Exchange's benchmark index Nifty and will be replaced by auto component major Bosch.
Apr 29, 2015, 20:22 PM IST
Future Group seeks payments bank licence; IDFC to partner
Kishore Biyani-promoted Future Group Monday applied for a payments banking licence and will partner in this venture with IDFC, which has already been allowed by RBI to set up a full-fledged bank.
Feb 02, 2015, 21:25 PM IST
Singapore's GIC to invest $165 mn in bank permit winner Bandhan
Bandhan and IDFC were the only two companies which won bank permits from the Reserve Bank of India last year in what was the first bank licensing process in a decade.
Jan 20, 2015, 11:08 AM IST
Russian, Indian funds ink pact to invest $1 bn in infra
Infrastructure investor IDFC has inked a pact with Russian Direct Investment Fund to invest up to USD 1 billion in infrastructure projects here.
Dec 11, 2014, 23:12 PM IST
IDFC plans to hire 1500 personnel for banking ops
As it readies to convert itself into a full-fledged bank, IDFC has said it will be hiring around 1,500 professionals in the run-up to the launch.
Nov 02, 2014, 13:21 PM IST
IDFC to make more provisions in run-up to banking foray
Infra lender IDFC today said it will continue to provide more in the run-up to launching its bank and the process of demerger of the group's financial businesses into the lender will take up to nine months.
Oct 31, 2014, 15:36 PM IST
IDFC appoints Shankar to head proposed bank's rural foray
Having received the in-principle nod to start a full fledged bank, IDFC today appointed Ravi Shankar as the head of the proposed bank's financial inclusion and rural business initiative.
Aug 08, 2014, 14:34 PM IST
RBI says IDFC agrees to pare FII limit to 50.5%
Infrastructure financing company IDFC has agreed to prune foreign shareholding limit by 1 percent to 50.50 percent, as part of plans to progressively pare foreign investor holding to 49 percent to run banking services.
Jul 16, 2014, 20:52 PM IST
'RBI to soon announce rules for on-tap banking licenses'
"The RBI will soon come out with policy guidelines in differentiated banking licenses within a short period of time", Gandhi said.
Jun 14, 2014, 18:10 PM IST
