IDFC First Bank shares rise after savings rate cut, as Nomura flags 23% upside
Mumbai, January 8, 2026, 11:22 IST Shares of IDFC First Bank rose on Thursday after the lender cut savings account interest rates by up to 200 basis points (a basis point is 0.01 percentage point) and reshuffled balance slabs from Jan. 9. The stock was up nearly 2% at about 86 rupees by 10:45 a.m. IST, after climbing around 3% from the day’s low. Moneycontrol The move lands at a touchy time for banks that have been paying up for deposits. IDFC First has leaned on a high savings rate to pull in money, and any sign that funding costs