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Wednesday, November 9, 2022

IDFC First Bank's transformation to retail complete; NPA woes behind, says CEO V Vaidyanathan :-ET Nov 9 2022

 

IDFC First Bank would begin to grow its loans with a particular focus on retail as it comes out of nearly four-year self-imposed restrictions on growth while building the deposit franchise. The bank created out of the merger of an infrastructure lender and a non-banking finance company began life with multiple disadvantages - poor retail funding and rising bad loans from infrastructure lending. But that is changing for the better, said V Vaidyanathan, chief executive of the bank in an interview  ..


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