Private-sector lender IDFC First Bank Ltd has put up a dismal show and seen its shares tank around 26% so far this calendar year. In contrast, the Nifty Bank index is up around 8%.
The stock has been punished for a multitude of factors. Provisions have seen a linear increase from ₹528 crore in Q2FY24 to ₹1,732 crore in Q2FY25.
An even more worrying aspect is that the jump in provisions was higher in absolute terms than the increase in net interest income (NII). The bank's NII rose by ₹838 crore over this period to ₹4,788 crore in Q2FY25.
The stock slid to a new 52-week low of ₹59.30 in October and has since recovered marginally to ₹64, but remains well below its 52-week high of ₹92.45 in December 2023.
Diese Geschichte stammt aus der December 19, 2024-Ausgabe von Mint Chennai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 19, 2024-Ausgabe von Mint Chennai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
This could be the best core exercise you've never done
A modification of the Zercher squat, the 'ab squat' is a dynamic workout that completely engages your core
For a balanced life, take the heroine's journey
Living a life not attuned to nature's cycles can affect the body and cause digestive issues as well as mental stress
Now, tech tools to test cortisol, soothe anxiety
A range of tech tools for mental health will be showcased at CES '25 in Vegas
Welfare programmes impact the retail prices relevant to people
India must update its inflation metrics to reflect actual consumption expenditure patterns for superior policy formulation
Expect Trump's crackdown on immigration to be disruptive
He is far better placed to act swiftly and harshly this time around
AIF industry: At risk of death by a thousand circulars
Alternative investment funds generate value but have been dealt a harsh blow by over-regulation
Tweaked for flexibility, NPS awaits tax clarity
This funded pension scheme now offers access to low-cost fund management with its option of staggered withdrawals of what was once a lump-sum. Good. Let's keep its taxation benign
Ten big GenAI developments we saw within the span of a month
Its evolution didn't even pause for a year-end break as the AI wave began turning into a tsunami
Rupee depreciation is inevitable but its volatility is not
RBI should restrain its active forex management while the Centre aims to attract more dollars
Simplifying Taxes: Key Challenges for Budget 2025
The focus is on how the Centre overhauls the new tax regime to attract more taxpayers
