Tuesday , November 19 2019
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IDFC FIRST Bank soars on unveiling co-branded digital meal benefit solution

IDFC First Bank is currently trading at Rs. 38.95, up by 0.50 points or 1.30% from its previous closing of Rs. 38.45 on the BSE.

The scrip opened at Rs. 38.65 and has touched a high and low of Rs. 39.20 and Rs. 38.50 respectively. So far 416611 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 56.90 on 01-Apr-2019 and a 52 week low of Rs. 33.00 on 26-Oct-2018.

Last one week high and low of the scrip stood at Rs. 39.20 and Rs. 36.55 respectively. The current market cap of the company is Rs. 18581.05 crore.

The promoters holding in the company stood at 40.00%, while Institutions and Non-Institutions held 23.20% and 36.80% respectively.

IDFC FIRST Bank and Sodexo have unveiled a co-branded digital meal benefit solution that makes payments for food easier and also enables users to save on taxes related to meal expenses. Corporate employees with salary accounts in IDFC FIRST Bank can now have access to Sodexo’s digital suite of employee meal benefits, which will enable them to get exciting deals and discounts at restaurants, while also helping them claim tax exemption for meals as per existing tax laws.

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