IDFC First Bank inches up on inking MoU with Maruti Suzuki India

IDFC First Bank is currently trading at Rs. 53.95, up by 0.03 points or 0.06% from its previous closing of Rs. 53.92 on the BSE.

IDFC First Bank
IDFC First Bank

The scrip opened at Rs. 54.00 and has touched a high and low of Rs. 54.20 and Rs. 53.41 respectively. So far 1594914 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 64.30 on 15-Dec-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 55.15 and Rs. 53.35 respectively. The current market cap of the company is Rs. 35678.29 crore.

The promoters holding in the company stood at 36.38%, while Institutions and Non-Institutions held 33.59% and 30.03% respectively.

IDFC First Bank has signed Memorandum of Understanding (MoU) with Maruti Suzuki India to offer vehicle loans to customers. Under this MoU, the bank will offer personalised finance options for new cars, pre-owned cars, and commercial vehicles to customers looking to purchase Maruti Suzuki vehicles.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

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