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IDFC First, India’s Youngest Private Sector Bank, Makes A Dash For Growth With Fresh Funding
Mortgages will be the bedrock of the bank’s growth story, says IDFC First Bank’s V Vaidyanathan
22 Feb 2021, 07:50 PM IST
IDFC First Bank Ltd., one of India’s two youngest private sector banks which came into being amid a multi-year bad loan clean-up, is hoping to leave asset quality concerns behind and make a dash for growth as the Indian economy revives.The lender approved a plan to raise Rs 3,000 crore on Feb.18 via private placement, a follow-on public offer, a qualified institutional placement or a combination thereof. This is the second time in a ...
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