IDFC First Bank’s investors like its retail version but stress has only risen
The lender’s overall loan book grew by 10% year-on-year led by 26% growth in retail loans
Another factor that works for the lender is its strengthening deposit franchise reflected in the steady growth of low cost current and savings account deposits
MUMBAI : IDFC First Bank Ltd’s March quarter performance was a mixed bag. The lender came through on investors’ expectations on the growth front as it continued to shed its legacy troubled infrastructure loans, while increasing the retail portion of the portfolio.
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