Excluding MFI, want good asset quality along with 20% growth for rest of the book: V Vaidyanathan, IDFC First Bank

January 27, 2025

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.

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