IDFC First Bank Sheds 1% After Consumer Deposits Rise 35% In June Quarter

INSUBCONTINENT EXCLUSIVE:
Shares of IDFC First Bank were last trading 1.56 per cent lower at Rs 53.60 on the BSE.Share price of IDFC First Bank declined over one per
cent on Tuesday, July 6, a day after the bank reported that its consumer deposits had increased in the April-June quarter of the financial
year 2021-22
On Tuesday, IDFC First Bank opened on the BSE at Rs 54.45, inching to an intra day high of Rs 54.65, and an intra day low of Rs 53.50, in
the trading session so far
the year-ago period, according to a regulatory filing by the bank to the stock exchanges
period
IDFC First Bank added in its statement that the retail funded assets recorded a de-growth of one per cent during the first quarter of the
current fiscal, compared to the preceding fourth quarter of fiscal 2021.On the NSE, IDFC First Bank opened at Rs 54.60, registering an intra
day high of Rs 54.65 and an intra day low of Rs 53.55, in the session so far
It was last trading 1.47 per cent lower at Rs 53.65 on the NSE.Shares of IDFC First Bank were last trading 1.56 per cent lower at Rs 53.60
on the BSE.