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Showing posts from April, 2021

Fundamental Analysis of IDFC First Bank

I welcome you again to the fundamental analysis series and today we will talk about a bank that has given very good returns  and the bank is IDFC First Bank which was requested by you all. Firstly we will talk about the overall business of the bank, the history, the pros, the challenges and compare its financials with its peers. At first, I will tell you about how IDFC Bank became IDFC First bank. In 2018, there was a merger of IDFC Bank with Capital First after which it was called IDFC First Bank. Now if we see IDFC Bank's history, it was set up in 1997 with the objective of financing for infrastructure. They used to do financing for private infrastructure projects for institutions. After 1997 comes a time of 2014 where RBI gives IDFC Ltd the license to become IDFC Bank,  after which they diluted all their assets and liabilities to become a full-fledge bank w herein they became a bank in 2015 after the demerger of the infrastructure business. After starting operations in 2015, the