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Nomura raises IDFC First Bank target price to Rs 95, reiterates Buy after Q1 beat

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  1. Nomura raised IDFC First Bank target price to Rs 95.

  2. Nomura reiterated its Buy rating on IDFC First Bank after Q1 results beat.

  3. IDFC First Bank targets about 2.5% market share in FCNR (Foreign Currency Non-Resident) deposits.

  4. The bank currently holds 1.7% share of overall NRI deposits.

5h ago · original ↗