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.
Asian stocks snap six days of gains, bonds steady
Asian stocks experienced a downturn, ending a prolonged winning streak due to uncertainty surrounding potential Federal Reserve interest-rate cuts. Despite the S&P 500 reaching a