In the last five-six years, at Capital First, we have developed some really fantastic capabilities for small entrepreneurs in every nook and corner of the country: Vaidyanathan
The merger with Capital First will drive home three years of growth at one go to IDFC Bank: Rajiv Lall
The bank had a slow start in mobilising retail franchisee
The co-branded card is set to be launched in early December
How will IDFC Bank now take care of its impaired balance sheet and grow at the same time?
The bank is unlikely to wait for the merger with Shriram Group to follow through with plans
IDFC Bank, which concluded first full year of operations in FY2017, said that its vision is to become a mass retail bank in 5 years. To support this growth, the Bank plans to to accelerate the pace of retail lending and retail liability acquisition. The Bank plans to double the share of its retail book, systematically bring down the proportion of the corporate funded book, and further reduce exposure to infrastructure over the next two to three years. The Bank has commenced its banking operations w.e.f. October 01, 2015. The Annual General Meeting of bank shareholders is slated for July 28, 2017 Chennai. In a letter to the shareholders, Rajiv B. Lall, Founder Managing Director & CEO of IDFC Bank said that un the past year, the Bank has made significant progress on its objective to transform into a mass retail bank. He said, partnerships and alliances will play a critical role in this journey. Delivering banking products and solutions across networks owned by business ...
IDFC Bank allegedly made delayed disclosure under PIT Regulations
The gross NPAs and net NPAs of IDFC Bank were at Rs 1,542 crore and Rs 576 crore
Claims to have mobilised Rs 400 crore through digital banking
Acquisitions in microfinance space on cards
The corresponding figure in the previous financial year read Rs 165.10 crore
IDFC Bank's campaign for Aadhaar Pay builds a case for digital payments in a light-hearted manner
Board to meet next month to mull issue; disclose quantum of funds to be raise not disclosed
The stock dipped 4% to Rs 68.15 on the NSE in intra-day trade after more than 2% equity of IDFC Bank changed hands through block deals
Net interest income stood at Rs 509.9 crore, slightly down from Rs 515.2 crore in first quarter of FY17
Rich valuations could cap upside for the IDFC Bank stock in the near term. But an approval to merge IDFC into the bank will aid the parent's share price
In the last few months, the bank has aggressively turned its focus on retail
The stock hit an intra-day high of Rs 81, rallied 59% from Rs 51 since July 25, post Q1FY17 results.
Interview with Managing director, IDFC Bank