“Suppose our loan book today is Rs 1 lakh crore. If a balance sheet doubles every three and a half years or so, we should look at Rs 5 lakh crore, Rs 10 lakh crore and Rs 20 lakh crore. This game will never stop, it will definitely go past my lifetime. 25% growth per annum, 2% ROA will be IDFC First Bank’s story for a long, long time.”
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,