IDFC First Bank is a new generation private bank that has carved a niche for itself in the Indian banking landscape with its innovative products and services, customer-centric approach and commitment towards digital transformation. The bank was formed in 2015 through the merger of IDFC Bank and Capital First, and has since grown rapidly to become one of the leading private banks in India. In this article we will discuss IDFC First Bank Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030.
Table of Contents
How IDFC First Bank generate Revenue?
IDFC First bank generate revenue by following Banking Services –
- Retail Banking Services: IDFC FIRST Bank primarily targets retail customers, offering a comprehensive suite of banking products and services. These include savings and current accounts, fixed deposits, recurring deposits, debit and credit cards, personal loans, home loans, and vehicle loans, among others. By catering to the diverse financial needs of individuals, the bank ensures a steady stream of income and customer loyalty.
- Digital Banking: The bank places a strong emphasis on digital banking channels. Through its user-friendly mobile app and online banking platform, customers can perform a wide array of transactions, including fund transfers, bill payments, and account management. This digital focus enhances convenience for customers and reduces operational costs for the bank.
- Wholesale Banking: In addition to retail banking, IDFC FIRST Bank also engages in wholesale banking activities. It offers a range of financial services to corporate and institutional clients, such as working capital loans, trade finance, and treasury solutions. This diversification helps balance the bank’s revenue streams.
- Credit Portfolio Management: The bank carefully manages its credit portfolio to mitigate risks associated with lending. It employs stringent underwriting standards and risk assessment methodologies to ensure that loans are extended to creditworthy borrowers. This approach helps maintain a healthy loan book and minimize non-performing assets.
- Strategic Alliances: IDFC FIRST Bank forms strategic partnerships and alliances with various entities to expand its reach and offer innovative financial products. Collaborations with fintech companies, insurance providers, and e-commerce platforms enable the bank to create value-added solutions for its customers.
- Customer-Centric Approach: IDFC FIRST Bank distinguishes itself by its unwavering commitment to providing exceptional customer service. By delivering personalized solutions, offering competitive interest rates, and continually improving its services, the bank strives to build long-lasting relationships with its customers.
Revenue per Business Specification
| Specifications (in INR Million) | 2022 | Weightage | 2023 | Weightage | Changes |
|---|---|---|---|---|---|
| Retail Banking | 181,065 | 89.0 % | 265,187 | 97.5 % | +46.46% |
| Inter segment | -134,972 | -66.3 % | -193,494 | -71.2 % | +43.36% |
| Treasury | 98,359 | 48.3 % | 129,840 | 47.7 % | +32.01% |
| Corporate / Wholesale Banking | 55,345 | 27.2 % | 65,070 | 23.9 % | +17.57% |
| Other Banking | 3,356 | 1.6 % | 5,318 | 2.0 % | +58.49% |
| Unallocated | 300 | 0.1 % | 29 | 0.0 % | -90.34% |
Shareholding of IDFC First Bank
As of June 2023, Shareholding of IDFC First Bank Ltd are as –
- Promotors – 39.37%.
- Retail & Others- 31.25%.
- Foreign Institution – 24.48%.
- Other Domestic Institutions – 2.22%.
- Mutual Fund – 2.68%.
IDFC First Bank Share
IDFC First Bank Share is listed on the National Stock Exchange and the Bombay Stock Exchange and has a large number of shareholders. Promotors holds the majority stake in the company.
As of 11 October, 2023, IDFC First Bank share price on the NSE was INR 91.55/-, IDFC First Bank Share 52 week high at Rs. 100.70/- & 52 week low Rs. 52.10/-.
| Company Name | IDFC First Bank Limited |
| Share Name | IDFCFIRSTB |
| Sector | Banking |
| Headquarter | Mumbai |
| Foundation | 2015 |
| Key Person | Mr. V. Vaidyanathan (Chairman) |
| Market Cap | Rs.64,580.21 Crore |
| Revenue | Rs.27,194.51 Crore |
| Official Website | Click Here |
IDFC First Bank Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050
| Year | First Target | Second Target |
| 2023 | 99 | 110 |
| 2024 | 112 | 128 |
| 2025 | 130 | 145 |
| 2026 | 148 | 165 |
| 2027 | 169 | 186 |
| 2028 | 188 | 205 |
| 2029 | 210 | 227 |
| 2030 | 230 | 250 |
| 2040 | 385 | 450 |
| 2050 | 730 | 820 |
Note:- “That these share price targets for “IDFC First Bank Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
Annual Result Summary of IDFC First Bank Limited
Annual Results Summary 2022-23 of IDFC First Bank Ltd –
- Total income increased by 8.2% YoY to Rs. 22,386 crore.
- Net profit increased by 68.2% YoY to Rs. 6,225 crore.
- CASA ratio improved to 52.7% from 50.0% in the previous year.
- Net NPA ratio reduced to 2.7% from 3.2% in the previous year.
- Capital adequacy ratio stood at 18.0%, well above the regulatory requirement.
Last 5 Year History of IDFC First Bank Share
In Last 5 year IDFC First Bank Share give 151.60% returns to its Investors.
| Year | Share Price |
| Oct 2019 | 40.70 |
| Oct 2020 | 31.40 |
| Oct 2021 | 50.01 |
| Oct 2022 | 57.30 |
| Oct 2023 | 91.5 |
IDFC First Bank Share Price Target 2023
From Past One Year IDFC First Bank Share gives 66% & From Last 6 Months 70% returns to its investors, This Bank growing very fast. In year 2023 financial IDFC First Bank Revenue grow by 8.2% from previous year. By considering this growth, As per our Analysis IDFC First Bank First Target for 2023 is Rs.99 & Second Target is RS.110.
IDFC First Bank share price target 2023 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹99 | ₹110 |
IDFC First Bank Share Price Target 2024
IDFC first Bank Loan Book value grow by 12.3% from previous year, Bank’s Retail deposit also increases 13.9% year on year basis to Rs.1,32,254 Crores, Based on these factors our Analysis IDFC First Bank First Target for 2024 is Rs.112 & Second Target is RS.128.
IDFC First Bank share price target 2024 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹99 | ₹110 |
IDFC First Bank Share Price Target 2025
In recent quarters, the bank has shown robust financial performance, marked by substantial growth in its loan portfolio, deposits, and profits. Additionally, there has been an improvement in the bank’s asset quality, reflected in a reduced net NPA ratio. The bank is well-capitalized and maintains a strong CASA ratio. Projected growth of IDFC First Bank 20-25% by analysts. As per our Analysis IDFC First Bank First Target for 2025 is Rs.130 & Second Target is RS.145.
IDFC First Bank share price target 2025 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹130 | ₹145 |
IDFC First Bank Share Price Target 2026
Financial experts express optimism regarding the bank’s promising long-term outlook, underscoring its robust foundational strengths and commitment to digitalization and retail banking. Furthermore, it is anticipated that the bank will capitalize on the broader economic growth within the Indian economy. As per our Analysis IDFC First Bank First Target for 2026 is Rs.148 & Second Target is RS.165.
IDFC First Bank share price target 2026 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹148 | ₹165 |
IDFC First Bank Share Price Target 2027
Analysts also point to the bank’s strong fundamentals and its focus on asset quality as key factors that will support its share price growth in the long term. The bank has a healthy capital adequacy ratio and a low net NPA ratio. As per our Analysis IDFC First Bank First Target for 2027 is Rs.169 & Second Target is RS.186.
IDFC First Bank share price target 2027 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹169 | ₹186 |
IDFC First Bank Share Price Target 2028
Disposable incomes in India are rising, which is leading to increased demand for banking and financial services. IDFC First Bank is targeting this growing segment with its innovative products and services. As per our Analysis IDFC First Bank First Target for 2028 is Rs.169 & Second Target is RS.186.
IDFC First Bank share price target 2028 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2028 | ₹188 | ₹205 |
IDFC First Bank Share Price Target 2029
The digital banking segment in India is growing rapidly, and IDFC First Bank is a leader in this space. The bank offers a wide range of digital banking products and services, and it is constantly innovating to improve its customer experience. As per our Analysis IDFC First Bank First Target for 2029 is Rs.169 & Second Target is RS.210.
IDFC First Bank share price target 2029 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2029 | ₹210 | ₹227 |
IDFC First Bank Share Price Target 2030
The bank is well-positioned to benefit from the strong economic growth in India, the rising disposable incomes, and the growing digital banking segment. The bank also has strong fundamentals, which will support its long-term growth. As per our Analysis IDFC First Bank First Target for 2030 is Rs.230 & Second Target is RS.250.
IDFC First Bank share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹230 | ₹250 |
FAQs
As per Analyst Reports & Business Performance of IDFC First Bank Target Price of IDFC First Bank in 2023 is Rs.110/-.
Projected growth of IDFC First Bank in upcoming year is 20-25%, IDFC future prediction for 2024 will be Rs.130 and 2025 be Rs.150.
Year starting target price of IDFC First Bank in 2025 is Rs.130 & after mid year IDFC first bank is Rs.140-147/-
After March 2023, IDFC First Bank give Rs.11 per share as dividends.
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