IDFC First bank share price

IDFC First bank share price

Morningstar Quantitative Ratings for equities are generated using an algorithm that compares non-analyst covered companies to peer companies that receive driven ratings. Companies not formally covered by Morningstar analysts, but statistically for analyst-rated companies are matched, which allows us to calculate the quantitative moat, fair value and uncertainty rating for our models. 

Business Description

IDFC First Bank Ltd provides banking services including lending to individuals, providing loans, non-fund facilities, transaction services, corporate advisory, project appraisal placement and syndication through the branch network and other delivery channels. The bank holds an investment portfolio, money market borrowing and lending, investment operations and entire foreign exchange and derivative portfolio. It organizes its business into four segments namely Treasury, Corporate/Wholesale, Retail, and Other Banking Business. The company generates maximum revenue from Retail banking segment.