#BankNifty #NiftyBank

#Banking Sectors #Financial Sectors Still Not Performed Well.. Follow #A3RT On Twitter

@arbindtiwariT

 100% Confident For These Stocks..

And I Have Given My Buy

YOU KNOW THE BEST DEAR...

#relianceindustries

#HDFCBank

#BandhanBank

#GAIL

#HFCL

Hold Tightly With Patience ...

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 I Always Told This Statements...

Nifty 50 could reach 1,50,000 in the next 15-17 years and the Sensex could hit 1,50,000 in the next 5-6 years, but not without corrections, said Raamdeo Agrawal, ace investor and Chairman of Motilal Oswal Group.

"To make money in the stock market, you need vision, courage, and patience. Patience, the most important factor, must be observed during times of stress," Agrawal emphasised.

He said that if there are any negative surprises in the market, the Sensex could reach 1,50,000 by 2030. Without negative surprises, it could achieve this level by 2028, he added.

Agrawal advised investors not to stress too much over the results of the ongoing general election in India, predicting that the incumbent BJP government will retain power with over 300 seats. "Election results will be out on June 4, but my strategy won't change. I'll remain invested on June 3 and June 5, regardless of the outcome." Addressing the consistent selling by FIIs in May, Agrawal noted that it will take some time for FIIs to start investing in the Indian market again. The uncertainty over general election results has been keeping FIIs away from the domestic market.

SO INVEST INVEST INVEST & INVEST...

MARKET IS REALLY IN BULL GRIP IN COMING 6-7 YEARS...

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 Sometimes We Are Helpless On Final Decision Of Gods..

But Life Hai Chalna Hi Iska Kaam Hai..

Sorry.. Some Clients Faced Some Issues Due To Not Attended Their Calls...

Again Sorry...

I Am Always With You Dear...

Namaste Namaste...

Please Hold Your All Positions Only For Huge Committed Returns....

 Sometimes We Are Helpless On Final Decision Of Gods..

But Life Hai Chalna Hi Iska Kaam Hai..

Sorry.. Some Clients Faced Some Issues Due To Not Attended Their Calls...

Again Sorry...

I Am Always With You Dear...

Namaste Namaste...

Please Hold Your All Positions Only For Huge Committed Returns....

 #IDFC #IDFCFirstB

In the trading session of Saturday, the share price of this private sector bank moved up by 0.4 percent on BSE to hit an intraday high at Rs. 77.5, compared to its previous closing price of Rs. 77.24.

With a market capitalisation of Rs. 54,759.83 crore, the share price of IDFC First Bank Limited jumped 0.26 percent and closed in the green at Rs. 77.44.

As per the regulatory filings made with the stock exchanges, on May 17, 2024, a meeting of IDFC FIRST Bank Limited’s Non-Convertible Debenture (NCD) Holders was held in compliance with the directions issued by the Chennai Bench of the National Company Law Tribunal (NCLT).

The meeting was held through video conference to consider and approve the composite scheme of amalgamation for IDFC First Bank.

As a part of the composite scheme of the amalgamation, IDFC Financial Holding Company Limited would first merge into and with IDFC Limited, and then IDFC Limited into and with IDFC First Bank Ltd.

The proposal to merge parent IDFC Limited with the bank has been approved by a majority of 99.99 percent of NCD Holders, who represent over three-fourths in value of the NCDs of the Bank. These votes were cast through remote e-voting and e-voting during the meeting.

IDFC First Bank will be wholly owned by institutional and public shareholders, without any promoter entity.

The proposed amalgamations were accepted by the IDFC board of directors of IDFC FHCL, IDFC, and IDFC FIRST Bank in July of 2023, and the Reserve Bank of India (RBI) granted its no objection certificate (NOC) for the amalgamation in December 2023.

The Amalgamation through this Scheme will simplify the corporate and organisational structures of IDFC Financial Holding Company, IDFC Ltd and IDFC First Bank by consolidating them into a single large listed company. This will also lead to the unification and streamlining of the regulatory compliances of both listed entities.

An IDFC shareholder will receive 155 shares under the proposed reverse merger scheme for every 100 shares having a face value of Rs. 10.

On December 18, 2018, Erstwhile IDFC Bank and Erstwhile Capital First merged to form IDFC FIRST Bank.

Erstwhile Capital First was a consumer and MSME financing company since 2012 with a strong track record of growth, profits, and asset quality.

After demerging from IDFC Ltd., IDFC Bank began its operation as a Bank.

In terms of financials, IDFC First Bank reported a 24.3 percent YoY growth in revenue from operations from Rs. 3,597.36 crore in Q4 FY22-23 to Rs. 4,470.5 crore in Q4 FY23-24. However, during the same period, net profit decreased by 10.3 percent from Rs. 816.12 crore to Rs. 731.9 crore.

As of March 2024, the bank’s loans & advances increased by 25.1 percent YoY and stood at Rs. 2,00,965 crore, while customer deposits grew by 41.6 percent YoY to Rs. 1,93,753 crore.

The CASA Ratio stood at 47.2 percent in Q4 FY23-24, compared to 46.8 percent in Q3 FY23-24 and 49.8 percent in Q4 FY22-23.

The bank has delivered positive returns of nearly 16.5 percent in the last one year. However, it has given negative returns of 8.3 percent in six months and around 12 percent of negative returns, so far in 2024.

As of March 2024, FIIs hold 23.65 percent of the shares, whereas DIIs hold 6.81 percent of the shares in the company, aggregating to 30.46 percent of the institutional holdings.

IDFC First Bank Limited is engaged in the business of banking and financial services providing a wide range of products including retail, SME, rural, corporate, trade, CMS, wealth management, NRI banking and treasury solutions.

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 #MCX Gold Open Near 73750

#MCX Silver Open Near 93700

#MCX Copper Open Near 928

#MCX CrudeOil Open Near 6580

My Positions In #Silver & You Know Better...

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 100% Both Will Reverse Very Soon...

#Gold #Silver Really Mad...

 #Comex #Gold Day High 2454.10 oz/$

Now Trading Near 2433.65 oz/$

#Comex #Silver Day High 32.750

Now Trading Near 31.765

Really Madness

Wait Till Day Closing ...

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