IDFC FIRST Bank launches co-branded fuel credit card
The new product has been launched in association with HPCL and RuPay.
The new product has been launched in association with HPCL and RuPay.
This is already playing out over the last two and a half years, as the NIM has already expanded from 1.84 percent pre-merger to 5.09 percent in Q4 FY 21 and further to 5.51 percent in Q1 FY 22.
The IDFC Bank was created by the demerger of the infrastructure lending business of IDFC to IDFC Bank in 2015.
The bank's total income during the fourth quarter of FY21 came in at Rs 4,834 crore, against Rs 4,576.12 crore.
Similar trend was witnessed on the NSE, as the stock was trading 3.71 per cent higher at Rs 51.70.
Customers can start earning 7 per cent interest and maximise their returns on funds held or invested anywhere.
The bank said it's MD and CEO V. Vaidyanathan has offered to take a pay cut of 30 per cent in his compensation package.
IDFC First Bank is the latest to enter the SBI-led rescue team with an investment of Rs 250 crore.
