IDFC First Bank rises on entering into alliance with CarTrade Tech

IDFC First Bank is currently trading at Rs. 36.80, up by 0.35 points or 0.96% from its previous closing of Rs. 36.45 on the BSE.

IDFC First Bank
IDFC First Bank

The scrip opened at Rs. 36.45 and has touched a high and low of Rs. 37.00 and Rs. 36.15 respectively. So far 1173376 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 62.00 on 09-Jun-2021 and a 52 week low of Rs. 33.05 on 26-May-2022.

Last one week high and low of the scrip stood at Rs. 37.00 and Rs. 33.05 respectively. The current market cap of the company is Rs. 22883.31 crore.

The promoters holding in the company stood at 36.49%, while Institutions and Non-Institutions held 27.26% and 36.24% respectively.

IDFC First Bank has entered into an alliance with CarTrade Tech to offer easy and smart financing for used cars.

Under the partnership, IDFC First Bank will become the preferred financier for customers purchasing used vehicles from CarWale abSure’s dealers with customised offerings to suit their needs.

IDFC First Bank’s scorecard-based loan sanctioning and end-to-end digitised and automated loan onboarding journey will empower CarTrade/CarWale abSure dealers. It will also offer a seamless loan processing experience to customers.

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

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