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Key reasons for investing in Tata steel and IDFC

IDFC is currently trading at 51.30 with the rise of 2.81%. 

IDFC Alternatives raises Rs 475 crore to invest in housing projects

IDFC Alternatives has raised Rs 475 crore in its third real estate fund to invest in residential projects across seven major cities.

IDFC gets RBI nod for using Rs 2,500 crore reserve as provision

Infrastructure finance firm IDFC on Saturday said it has got regulatory approval to utilise Rs 2,500 crore non-distributable reserves for provisions against bad loans as part of exercise to clean its book before venturing into universal banking.

IDFC to set aside additional Rs 2.5K cr as special reserve

IDFC on Friday said government's moves on gas and power sector have not had desired impact and it is forced to create a special reserve of Rs 4,500 crore to cover expected losses from power sector loans, which will ring-fence its soon-to-be-launched universal bank.

IDFC to make additional provisioning of Rs 2,500 cr, will impact net

"Given that we will be transitioning to a bank by the end of second quarter of 2015-16 with no visible solution for these assets, we believe it is prudent for us to make incremental provisions against known risks," IDFC said in a BSE filing.

IDFC Q1 net dips 46% to Rs 241 cr

Total income increased marginally to Rs 2,087.08 crore for the quarter ended June 30, from Rs 2,039.17 crore for the quarter ended June 30, 2014, IDFC said in a BSE filing.

IDFC gets RBI nod for starting banking operation

IDFC gets RBI nod for starting banking operation

The bank proposes to start operations with 20 branches.

IDFC bank branches to be mix of metros, backward areas

IDFC, which is targeting full-fledged debut as bank by October, Tuesday said it is working on a "binary strategy" that will entail opening branches in metros as well as backward districts of the country.

Ajay Mahajan is IDFC's Commercial, Wholesale Banking Head

"In this role, Mahajan will oversee coverage of SME, mid-cap and large corporates, financial institutions, government business and transaction banking, treasury and markets and investment banking," IDFC said in a statement.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.