V Vaidyanathan on how IDFC First Bank is growing@30% despite MFI business stress & infra loan account write-off

October 28, 2024

IDFC First Bank’s CEO, V Vaidyanathan, reveals stress in the microfinance sector due to multiple adverse events. Despite rising delinquencies, IDFC First fares better than peers. A significant write-off on an infrastructure loan is also highlighted. However, robust deposit growth and overall portfolio health indicate resilience and continued growth prospects.

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