Discover and read the best of Twitter Threads about #idfcfirstbank

Most recents (12)

let me post some 100 #fibbonaci number wonders on long term chart.
Post your chart too with #fibbonaci, make sure chart is clean.
this is number 1 in list
in 2021 it was one of the hot stock - Infact I was also excited took entry at top despite I was seeing Golden ratio rejection.
what happened next is history. Image
the very same stock took eyeball again few months back -- people went gaga
even we went long -- but exited sharp at 61.8%

checkout the result
#Fibbonaci Image
Read 18 tweets
🚨 "Stellar Q3 Results by IDFC First Bank: Net Profit Doubled"

Key Takeaways of IDFC Bank Q3 Result in this🧡

1) The bank's net profit increased by an whopping 115% to approximately 605 crores in Q3, compared to the previous year.πŸš€

2) Banks make money by charging more interest on loans they give out than the interest they pay to people who save their money in the banks.

Interest Income = Interest Earned - Interest Expended

IDFC First Bank made 27% more money from interest income compared to last year.
3) When a bank lends more money to customers, the bank has better chance to make more money.

IDFC First Bank loaned 44% more money to customers this time, which is good for the bank's business.
Read 3 tweets
#IDFCFIRSTBank for some EX-Banking fintwit fools who call it one man show and have no analysis on the teams on ground . Ex mckinsey, iit grad leading digital customer excellence team of product managers
Cmo- ex PayPal, Stanc , HSBC
Ex Head of data science #zomato, bajaj finserv
Read 6 tweets
#IDFCFIRSTBank FIRST concall was right now. My key takeaways:

1. Credit costs of 2.5% in FY22, 2% in steady state.
In b/w lines: Bank has incremental NIMs of >9% which will support 2% credit costs. 1800cr provisions taken in Q1 represent a very conservative approach
A 850cr mumbai toll road account slipped into NPA due to covid lockdowns. There were partial payments. Expect it to come out of NPA post covid wave. VI exposure credit costs not included in 2.5% guidance.
2. Runway for growth is long
In b/w lines: Can grow loan book at 25% for a long time. Expecting 18-20% ROE from retail lending alone in steady state. CASA will also continue to grow enough to support retail lending needs. Enough cash right now.
Read 9 tweets
#idfcfirstbank is my largest and oldest investment. Thought of creating a thread to explain the business. If you like the thread, please spread the knowledge, retweet. Buckle up, because this is going to be a long one. :D
Quick summary of what a bank does. This enables me to establish a framework under which the analysis of the bank will become very structured.
Money is its raw material.
Bank takes customer deposits, raises money via borrowings (can issue its own bonds, takes loans from other banks etc). This is the input for the bank. Since the bank is liable to pay interest on it, it is also known as liabilities.
Read 66 tweets
1 new chart everyday, it could be from any space ~ equities / commodities / crypto / forex / bonds , etc

Will try to do it daily πŸ™πŸ’ͺ

Here's the first one πŸ‘‡

SBI vs BankNifty

Ratio chart has given monthly breakout implying SBI could outperform BN in coming months.

#PB365 Image
(2) #DLF monthly chart

#PB365 Image
(3) #VodafoneIdea weekly chart

#PB365 Image
Read 160 tweets
#IDFCFIRSTBank a detailed thread! 🧡

@VijayKedia1 @sanjiv_bhasin Image
Merged with Capital First

@Atulsingh_asan Image
Breakneck growth!

@soicfinance ImageImageImage
Read 5 tweets
IDFC FIRST BANK - 'Always you first.'
My stock pick for the next decade.
Key Reasons:
->Quality & Ethical Management
->Good Sector
->Sustainable Moat(difficult to get new banking license in India)
->Retail Focused Bank
->Available at cheap valuations
#IDFCFirstBank Image
Headed by Visionary and Ethical Leader : Mr. V Vaidyanathan ImageImage
Company's Vision : 'We want to create the world's best bank, right here in India, for aspiring Consumers and for Enterpreneurs.' Image
Read 9 tweets
Been reading a bunch of Annual Reports last few days. Creating this thread to capture and share interesting tidbits from the ones I am reading this season. Will be updated on an ongoing basis next few weeks.

2. Few bluechips have reported their #EconomicValueAdded (EVA), a good measure of shareholder value creation. HUL AR does a great job of explaining details. EVA as % avg capital employed over a period of time can be a good leading indicator. Pidilite also shares EVA details
3. Chairman's letter+MD&A section of top 2/3 key players provide great overview of economy and sector dynamics.
Few suggested section reads are HUL, Kotak, PEL, Sterlite Tech, Everest Ind+Visaka, Godrej Prop, OCCL, Hikal, Aavas, RBL, L&T Infotech, Zydus Wellness.

Suggest more!
Read 7 tweets

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