Last updated on December 29th, 2024 at 02:56 pm
IDFC First Bank is a prominent private sector bank in India, offering a wide range of financial services. Established in December 2018 after the merger of IDFC Bank and Capital First, it has grown rapidly, focusing on retail banking, corporate banking, and digital banking solutions. Known for its customer-friendly services and innovative products, IDFC First Bank is gaining attention in the stock market as well.
Company Details
- Founded: December 2018 (Merger of IDFC Bank and Capital First)
- Headquarters: Mumbai, Maharashtra, India
- Services: Retail Banking, Corporate Banking, Digital Banking, Loans, and Credit Cards
- Popular Products: IDFC First Bank savings account, IDFC First Bank salary account
- Market Cap: Over INR 50,000 crore (as of 2024)
- Vision: To create a world-class bank guided by ethics and customer-centricity
Promoter
| Name | Stake Percentage |
|---|---|
| IDFC Financial Holding Company Limited | 36.50% |
| Others | 63.50% |
IDFC First Bank Share Price Target 2025
- Maximum Target: INR 140
- Minimum Target: INR 120
The bank’s digital transformation and customer base expansion could drive its valuation higher by 2025.
IDFC First Bank Share Price Target 2026
- Maximum Target: INR 175
- Minimum Target: INR 150
By 2026, steady growth in profits and a focus on reducing non-performing assets could further boost its stock price.
IDFC First Bank Share Price Target 2027
- Maximum Target: INR 200
- Minimum Target: INR 180
The bank’s emphasis on innovation and expanding credit card services may result in better stock performance in 2027.
IDFC First Bank Share Price Target 2028
- Maximum Target: INR 240
- Minimum Target: INR 210
With consistent earnings growth and higher market share, IDFC First Bank is expected to show significant price appreciation by 2028.
IDFC First Bank Share Price Target 2029
- Maximum Target: INR 280
- Minimum Target: INR 250
The stock might see continued momentum as the bank strengthens its financial stability and expands its portfolio.
IDFC First Bank Share Price Target 2030
- Maximum Target: INR 320
- Minimum Target: INR 280
By 2030, IDFC First Bank could establish itself as a leading private sector bank in India, driving substantial returns for its investors.
IDFC First Bank Share Price Target 2035
- Maximum Target: INR 450
- Minimum Target: INR 400
Long-term growth, a stable customer base, and diversification of services could make IDFC First Bank a high-potential stock by 2035.
IDFC First Bank share price targets for the specified years
| Year | Maximum Target (INR) | Minimum Target (INR) |
|---|---|---|
| 2025 | 140 | 120 |
| 2026 | 175 | 150 |
| 2027 | 200 | 180 |
| 2028 | 240 | 210 |
| 2029 | 280 | 250 |
| 2030 | 320 | 280 |
| 2035 | 450 | 400 |
FAQs About IDFC First Bank
Is IDFC First Bank safe?
Yes, IDFC First Bank is considered safe due to its robust financials, strong governance, and compliance with RBI regulations. The bank has earned a good IDFC First Bank rating from leading credit agencies.
How to open an IDFC First Bank account?
You can open an IDFC First Bank savings account or salary account by visiting the nearest branch with required documents or using the bank’s online platform.
Can I open an IDFC First Bank account online?
Yes, you can open an IDFC First Bank account online through their official website or mobile banking app. The process is simple and user-friendly.
Which IDFC First Bank credit card is lifetime free?
IDFC First Bank offers lifetime free credit cards like the “First Millennia Credit Card,” which comes with no annual fees and excellent benefits.
How to close an IDFC First Bank account?
To close your IDFC First Bank account, visit the nearest branch with your ID proof and account details. Submit a written application, and the bank will process your request.
What is the IDFC First Bank private credit card?
The IDFC First Bank Private Credit Card is a premium offering with exclusive benefits, including airport lounge access, reward points, and personalized services.
