What changed in IDFC First Bank savings rates from January 9?

The bank has cut savings-account rates by up to 200 bps. For example, balances between INR 1 lakh and INR 10 lakh now earn 5% versus 7% earlier. Higher balance slabs also see lower rates. The change is meant to reduce funding costs and support margins and profitability.

How do savings rate cuts affect the IDFC First Bank share price?

Lower savings rates reduce interest paid on deposits, which can lift margins if lending stays strong. Better margins can support earnings and sentiment. That can help the IDFC First Bank share price hold gains, provided deposit growth and asset quality are stable and competition does not intensify.

What is Nomura’s view and target on IDFC First Bank stock?

Nomura has initiated coverage with a Buy rating and a INR 105 target, implying about 25% upside from current levels. The call highlights a strong retail franchise, improving margins after the savings rate cut, better asset quality, and operating leverage as key drivers for earnings and valuation.

What key levels should traders watch on IDFC First Bank?

Near-term resistance sits around INR 87–88, near the recent high and upper band. Supports are near INR 82 at the 50-DMA and INR 80. A strong close above INR 87 with higher volume may open room higher. Weakness below INR 82 can point to consolidation.

Global Market Insights

IDFCFIRSTB.NS Stock Today: January 9 — Savings Rate Cuts Take Effect

ByHuzaifa Zahoor January 8, 2026January 8, 2026

IDFC First Bank share price is in focus today as the lender’s savings rate cut takes effect on January 9. Balances between INR 1 lakh and INR 10 lakh now earn 5% versus 7%, trimming cost of funds and aiding margins. The latest price is INR 84.93, up 0.24% today, with a day range of INR 84.46–86.27. Nomura has begun coverage with a Buy rating and a INR 105 target, implying near 25% upside. We track price action, drivers, and next catalysts for IDFCFIRSTB.NS.