IDFC First Home Loan News - Apr 2021
- 2021-01-22 : IDFC First Bank retail loan surges 100%
IDFC First Bank reported that its retail deposits which includes home, personal, car, two wheeler, gold and LAP increased 100% Y-o-Y. In addition to this, Customer Deposits of the Bank which includes FD and RDs increased to Rs. 77,289 Cr as on 31 December 2020 from Rs. 54,631 Cr as on 31 December 2019 . CASA ratio on outstanding deposits as on 31 December 2020 was 48.4%. - 2020-07-31 : IDFC First Bank Ltd Q1FY21 consolidated net profit at Rs. 100.07 crore
IDFC Bank posted a net profit of Rs.100.07 crores for the period ended June 30, 2020, as against Rs.76.36 crores for the period ended March 31, 2020. The company bolstered by retails loans like home, personal, gold, car and two-wheeler loans along with the Business and mudra loans has reported total income of Rs.4413.19 crores during the period ended June 30, 2020 as compared to Rs.4553.07 crores during the period ended March 31, 2020. - 2020-01-30 : IDFC First Bank reported a net loss of Rs. 1639 crores for Q3
IDFC First Bank reported a net loss of Rs. 1639 crores for Q3 ending 31 December. Net Interest Income hiked by 34% to Rs. 1534 crores which was Rs. 1145 crores in the same quarter a year ago. Further, Retail Loan surged by 49% to Rs. 51,506 crores driven by an increase in the sale of Home Loans and Personal Loans. - 2019-12-11 : IDFC First Bank revises MCLR rates
IDFC First Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 bps for December month. For 2 years, the MCLR stands at 9.50% as compared to 9.45% earlier. For 3 years, the rate has been revised to 9.65% from 9.60% earlier. The revised rates have been in effect from December 8, 2019. The revision in MCLR will impact the interest rate of MCLR linked home loans. - 2019-06-12 : IDFC First Bank revises MCLR rates by 5 basis points across loan tenures
Private sector lender, IDFC First Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenure for June. Now the retail loans, including home loans and mortgage loans, would become cheaper. Now for overnight and one month, the rate stands at 8.95% as against 8.90% earlier. For 3 months, the rate has been revised to 9.15% as against 9.10 earlier. While for 1 year, the rate has not , which stands at 9.50%. The revised rates are effective from June 8, 2019.
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