IDFC First Bank’s CEO V Vaidyanathan outlines the bank’s strategic investments in new business lines like cash and wealth management, aiming for profitability and reduction in cost-to-income ratio over the next four years. Despite current challenges, particularly in the MFI sector, he remains confident in achieving growth targets, supported by strong deposit growth and asset quality.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of