Is it safe to invest in FD in IDFC Bank?

Investing in a fixed deposits with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option. Thus, IDFC First Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.

Can I open PPF account online in IDFC First Bank?

Online account opening The application form can be filled up online itself and submitted to the bank along with your KYC documents. The first deposit to open the PPF Account can also be paid online along with the application.

Is IDFC a good long term investment?

From a high of 185 in January 2013, IDFC has grinded down to 128. That’s a fall of close to 30\% for a large cap financial institution. We like IDFC as a good long term portfolio pick. So this 30\% correction has tempted us to do an analysis of the company.

What is the holding company of IDFC?

IDFC is the holding company which owns 53 stake stake in IDFC Bank. IDFC‘s share of the bank is worth (USD1.8 billion) is 30 percent higher than its market cap (USD 1.3 billion). Shares of IDFC jumped 2 percent intraday on Monday as Bank of America Merill Lynch has upgraded the stock to buy with a target price of Rs 65 per share.

What is the full form of IDFC?

IDFC – Infrastructure Development Finance Company is a finance company based in India. It provides finance and advisory services for infrastructure projects as well as asset management and investment banking. IDFC BANK – IDFC Bank is an Indian banking company that forms a part of IDFC.

Will IDFC get a banking licence by next year?

We like IDFC as a good long term portfolio pick. So this 30\% correction has tempted us to do an analysis of the company. And with Banking Licenses being the hot topic, we give our two cents that it is quite possible that IDFC may get one by next year.