IDFC First Bank Shares Soar After Savings Rate Cut: What It Means for Investors

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CNBC TV18•08-01-2026, 11:05

IDFC First Bank Shares Soar After Savings Rate Cut: What It Means for Investors

•IDFC First Bank shares surged 2.5% on Thursday, January 8, following a decision to cut savings account interest rates.
•Interest rates for deposits below ₹10 crore were reduced by 25 to 200 basis points, positively impacting the bank's cost of funds.
•The bank's management expressed confidence in deposit growth, aiming to lower the Credit-Deposit ratio from 94% to the mid-80s.
•Brokerage firm Nomura initiated a "buy" rating with a ₹105 price target, projecting a 25% upside for the stock.
•Analysts predict a 20 bps rate cut could boost Net Interest Margin by 7 bps and Earnings Per Share by 5% for FY27.

Why It Matters: IDFC First Bank's savings rate cut signals improved profitability and strong investor confidence.

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