IDFC First Bank Ltd
NSE:IDFCFIRSTB
During the last 3 months IDFC First Bank Ltd insiders have not bought any shares, and have not sold any shares. The stock price has increased by 6% over this period (open performance analysis).
The last transaction was made on
Sep 27, 2023
by
Anil Singhvi
(Non-Executive Chairman)
, who
sold
28.8m INR
worth of IDFCFIRSTB shares.
During the last 3 months IDFC First Bank Ltd insiders have not bought any shares, and have not sold any shares. The stock price has increased by 6% over this period (open performance analysis).
The last transaction was made on
Sep 27, 2023
by
Anil Singhvi
(Non-Executive Chairman)
, who
sold
28.8m INR
worth of IDFCFIRSTB shares.
IDFC First Bank Ltd
Glance View
IDFC First Bank Ltd. emerged from a strategic amalgamation that marked a new chapter in the Indian banking industry. The bank originated in 2018 from the merger of IDFC Bank, an offshoot of the infrastructure finance company IDFC Limited, and Capital First, a non-banking financial company specializing in retail lending. This union aimed to leverage IDFC Bank's extensive infrastructure finance expertise and Capital First's prowess in retail finance, establishing a diversified footprint across both wholesale and retail banking. The focus was, and remains, on providing a comprehensive range of financial services, from personal loans and credit cards to corporate banking and asset management. With a robust digital platform, IDFC First Bank is catering to the growing demand for seamless online banking experiences, drawing in tech-savvy customers while retaining a solid brick-and-mortar presence. Functioning on a diversified revenue model, IDFC First Bank generates income through traditional and innovative banking services. On one side, it earns interest income by lending to individuals and corporations, offering everything from home loans to business financing. Simultaneously, the bank collects fees and commissions from providing ancillary services, such as wealth management and insurance through strategic tie-ups. What sets IDFC First Bank apart is its strong emphasis on customer-centric growth, deploying an agile strategy that focuses on low-cost deposits and higher-margin retail lending. This dual-income strategy, coupled with a keen eye on asset quality and risk management, helps the bank navigate the dynamic financial landscape, aiming for sustainable growth and enhanced stakeholder value.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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