21-624: The Vijay Hazare Trophy (officially known as the IDFC First Bank Vijay Hazare Trophy for sponsorship reasons), is an annual List A Cricket competition organised by the BCCI . The Indian States and union territories teams take part in the Ranji Trophy . The tournament had been played at zonal level only until 2002–03 when it was expanded to become a national competition. The most successful team since expansion
42-731: A filing with the stock exchange. In the mid of October 2023, the bank obtained clearance from the Competition Commission of India for its merger. On 18 December 2023, the RBI issued 'no objection' for the bank to merge with IDFC. But the merger still needs approval from the National Company Law Tribunal . On 17 May 2024, the NCLT convened via video conferencing to approve the merger proposal between IDFC First Bank and IDFC Limited. The proposal, endorsed by
63-572: A stake in Future Capital Holdings and secured equity backing of Rs. 8.10 billion from Warburg Pincus . As per the September 2017 stock filing, Capital First had a retail loan portfolio of Rs 229.7 billion, serving three million customers across 228 locations. In the same quarter, the company reported a gross NPA ratio of 1.63% and a net NPA ratio of 1%. In 2018, Capital First obtained an upgraded long-term credit rating of AAA. It
84-556: Is Tamil Nadu who have won the tournament five times. Until 2006/07, Vijay Hazare Trophy was the title of a national under-19 tournament, involving zonal teams, which had been running since 1983/84. The BCCI then decided to rename the Ranji One Day Trophy, which began in the 1993/94 season , in honour of Vijay Hazare who had died in December 2004. The 2007/08 edition was the first using the current title. Ahead of
105-493: Is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First , which was an Indian non-bank financial institution. IDFC First Bank got privatized on 1st October 2024 by reverse merger with parent IDFC Ltd, a Government of India entity. IDFC Limited was set up in 1997 by Government of India to finance infrastructure projects in India. With time,
126-566: The 2018/19 edition , the teams were divided into three elite groups and one plate group. Two of the elite groups had nine teams while the third had ten. The plate group consisted of nine new teams. Teams were grouped on the basis of average points gained in the preceding three seasons. The 2020/21 edition was postponed for several months because of the COVID-19 pandemic in India . The 2020–21 Ranji Trophy had been cancelled but, in January 2021,
147-575: The Board of Control for Cricket in India (BCCI) announced that the Vijay Hazare tournament would take place. Currently, in the 2023–24 season , 38 teams are split into five groups (A to E) as follows: After playing each team in the group once, the five winners and the best performing runner-up qualify for the quarter final stage directly, while the four other runners-up play in the preliminary quarter finals. The two winners of pre-quarter finals join
168-479: The 2006–07 edition. It was renamed as the Vijay Hazare Trophy ahead of the 2007–08 edition. (Who played 41+ Vijay Hazare matches in his entire career) (per match) (Who played 21 to 40 Vijay Hazare matches in his entire career) (per match) (Who played 0 to 20 Vijay Hazare matches in his entire career) (per match) IDFC First Bank IDFC First Bank (stylised as IDFC FIRST Bank )
189-401: The bank is 40.00 the institutional holding is at 24.48, the public holding is at 26.02. But on 22 February 2023, IDFC Limited announced it intention to invest INR 2,200 crores in the bank. This will bring IDFC Limited's current holding in the bank up to 40 percent, from the current level of 36.38 percent. Also, on 22 February 2023, the bank issued 12,03,745 equity shares to its employees under
210-546: The bank to 2.68% by purchasing shares of the lender at Rs 80.63 each, with a total acquisition cost of ₹ 1,500 crore (US$ 180 million). The bank transformed from infrastructure to retail banking in four years since the merger, increasing the CASA ratio from 8.6% to 49.77% (March 31, 2023) and retail deposits from 27% to 76% of total deposits. As of November 2022, the bank had 809 branches, 249 asset service centres, 925 ATMs, and 606 rural business correspondent centres across
231-415: The bank's shareholders and NCD holders, involves two steps: IDFC FHCL merging with IDFC Limited, followed by IDFC Limited merging into IDFC First Bank. On 1 October 2024, IDFC Limited merged with the bank. As a result of the merger, 155 equity shares of the bank were allotted for every 100 equity shares of IDFC Limited held by each shareholder in the latter. As of September 2023, the promoter holding at
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#1732791977750252-630: The breakup of the planned merger with the Shriram Group. While the bank has made efforts to improve its assets, it has not provided clear guidance on its liabilities. By September 2017, bank's deposits was totaled Rs 38,890 crore, with only 8.2% in current and savings accounts. As of 3 July 2023, the board of the bank had approved the merger with IDFC Limited. Shareholders of the latter will receive 155 shares of IDFC FIRST Bank for every 100 shares they currently own in IDFC Limited, as stated in
273-565: The company ESOP plan. On September 12, 2023, US-based GQG Partners acquired an additional 5.1 crore shares, equivalent to a 0.76% stake, from V. Vaidyanathan in a block deal conducted on the stock exchange. As a result, GQG Partners' ownership in the bank rose to 3.36%. The parent entity, IDFC Limited, retained the AMC, Institutional Broking, and Infrastructure Debt Fund businesses through IDFC Financial Holding Company Limited (NOFHC). In July 2024, Life Insurance Corporation raised its stake in
294-476: The company diversified into asset management , institutional broking and investment banking . In 2014, the Reserve Bank of India granted in-principle approval to IDFC Limited to set up a new bank in the private sector. Following this, the IDFC Limited divested its infrastructure finance assets and liabilities to a new entity - IDFC Bank. The bank was launched through this demerger from IDFC Limited, and it
315-531: The country. The bank provides products and services related to retail banking , wholesale banking and investment banking . The bank became a member of the Open Network for Digital Commerce in September 2022. Subsequently, it began enrolling small merchants, who are existing customers with current accounts, onto a partner application registered with ONDC. The bank achieved a profit after tax (PAT) of ₹ 2,957 crore (US$ 350 million) crore in
336-476: The financial year 2024, maintaining a capital adequacy ratio of 16.82%. The bank's retail loans showing a gross non-performing asset (NPA) ratio of 1.88% and a net NPA ratio of 0.60% as of March 31, 2024. As of 30 September 2024, the overall gross NPA ratio is 1.92%, while the net NPA ratio is 0.48%. Under bank’s employee-funded Ghar Ghar Ration program, the bank employees will supply ration kits to 50,000 low income customers whose livelihoods has been impacted by
357-477: The pandemic. As many as 16,000 beneficiaries have been reached across Rajasthan, Madhya Pradesh, Maharashtra, Odisha, Gujarat, Karnataka, Haryana, Tamil Nadu, Andhra Pradesh, and Chhattisgarh under this program. The lender has also identified 250 vulnerable families who have lost an earning member of their family to COVID-19 with a cash relief support of ₹10,000 in a partnership with 'Give India'. Stock broking Too Many Requests If you report this error to
378-461: The remaining six teams in the quarter final stage. In the 2015–16 to 2017–18 seasons, the zonal groups were replaced with four groups of seven each. From the tournament's inaugural edition as the Ranji One Day Trophy in 1993–94, through to the 2001–02 season, no finals were held, and teams consequently played only within their zones, with no national winner declared. The table below lists the winners of each zone by year. The most successful teams in
399-401: The zonal phase were Bombay/Mumbai (8 titles), Bengal (6), Karnataka (4), Punjab (4), and Tamil Nadu (4). During the 2002–03 and 2003–04 seasons, a final round-robin stage was held for the top teams in each zone. Since the 2004–05 tournament, a playoff format including semi-finals and a final has been held, with varying formats. The tournament was still known as the Ranji One Day Trophy until
420-616: Was an Indian non-bank financial institution providing debt financing to small and medium-sized enterprises. Post the merger, Vaidyanathan took over as the MD and CEO of the merged entity . The Reserve Bank of India approved his appointment for a period of three years, effective from December 19, 2018. 13.9 shares of IDFC Bank were issued for every share of Capital First as part of the merger scheme. IDFC Bank had faced challenges due to bad loans from legacy infrastructure accounts. Its stock once traded 4.3% lower than its listing price, partly due to
441-532: Was officially inaugurated by the Prime Minister of India Narendra Modi in October 2015. IDFC Bank started operations on 1 October 2015. In January 2018, IDFC Bank and non-banking financial company Capital First announced a merger, , resulting in a combined loan asset book of Rs 1.03 trillion under the newly formed IDFC First Bank. Capital First was founded in 2012 by V. Vaidyanathan who acquired
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