BOM:539437

OLX India Partners IDFC First Bank to Launch Used-Car Loan Offering

OLX India, part of CarTrade Tech (NSE:CARTRAD, BOM:543333), has partnered with IDFC First Bank (NSE:IDFCFIRSTB, BOM:539437) to launch a used-car loan offering for users on its platform.The partnership combines OLX India's used-car marketplace with IDFC First Bank's vehicle financing capabilities to provide tailored loan options for eligible customers, according to a company filing on Sunday. The offering will improve access to financing for digital-first users in India's used-car market.

Nomura Adjusts IDFC First Bank's Price Target to INR85 from INR80, Keeps at Buy

IDFC First Bank's Consolidated Net Profit Rises in Fiscal Q4

IDFC First Bank's (NSE:IDFCFIRSTB, BOM:539437) consolidated net profit rose to 3.31 billion Indian rupees in the fiscal fourth quarter ended March 31, from 2.96 billion rupees a year ago.Earnings per share came in at 0.38 rupees from 0.40 rupees a year earlier, according to a Saturday filing to the Indian stock exchanges. The EPS was higher than the 0.31 estimated by the analysts polled by Visible Alpha.Interest earned by the lender in fiscal Q4 also increased to 105.5 billion rupees from 94.1 billion rupees a year ago.The bank's board proposed a dividend of 0.25 rupees per equity share of face value of 10 rupees each for the financial year 2025-26.