IDFC First Bank Share Price Target 2023 And Future

IDFC First Bank is the very first bank that offers monthly interest-free credit to savings accounts and lifetime credit cards for free with flexible and low percentage annual rates.

IDFC First Bank has good growth potential, and it is a great investment option for the long term. This article will discuss IDFC First Bank Share Price Target 2023.

It will guide you in your future investment plans. let’s examine this company, its history, and its complete business structure.

Company Overview

IDFC First Bank is a relatively new entity in the Indian banking sector, formed through the merger of IDFC Bank and Capital First in December 2018. Here's a brief overview of the history of both entities

DFC Bank

Infrastructure Development Finance Company (IDFC) was established in 1997 as a specialized financial institution to fund infrastructure projects in India. It received a banking license from the Reserve Bank of India (RBI) in 2015 to operate as a universal bank, leading to the formation of IDFC Bank. The bank initially focused on providing services to both retail and corporate customers.

Capital First

Capital First was a non-banking financial company (NBFC) founded in 2012 by V. Vaidyanathan. It primarily focused on providing debt financing to small and medium enterprises (SMEs) and retail customers. Over time, it expanded its offerings to include a range of financial products such as loans, consumer finance, and wealth management services.

IDFC First Bank Share Price

IDFC First Bank hit its all-time record-breaking price of 98 Rs on 4th Sep 2023.

IDFC First Bank Share Price Target 2023

The merger of IDFC Bank and Capital First aimed to create a stronger and more diversified financial institution capable of serving a broader customer base, combining IDFC Bank's banking expertise with Capital First's experience in retail and SME lending. Post-merger, the entity was rebranded as IDFC First Bank.

IDFC First Bank focuses on providing a wide array of financial products and services, including savings and current accounts, loans, credit cards, insurance, and wealth management services to retail and corporate customers across India. The merger aimed to leverage the strengths of both entities to enhance their market presence and cater to the evolving needs of customers in the Indian financial landscape.

IDFC First Bank Share Price Target For 2023 As Follows

• 1st Target- Rs.75

• 2nd Target- Rs.99

Share Fundamental Analysis

Let’s take a look at the foundations for IDFC First Bank, based on which we can gain an accurate understanding of the bank’s expertise.

• Market Cap: Rs 60,800 Cr.
• P/E: 20.9
• P/B: 1.72
• Div. Yield: 0%
• Net Interest Income: 9706.16 Cr.
• Cost To Income %: 74.6
• ROE: 0.75 %
• ROCE: 4.87%
• Profit Growth: -67.83
• CAR %: 16.74
• CASA %: 48.44

Conclusion

This article is a complete guide to IDFC First Bank Share Price Target, where you can find out what IDFC First Bank is, its businesses, and IDFC First Bank Share Price Target 2023

Also, We have talked in detail about IDFC First Bank‘s future prospects and growth potential.

Hopefully, this information will help by having all the share price details of IDFC First Bank so that you can consider investing in the future.

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. Though this is just for informational purposes, We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.