Tuesday, July 30, 2024

BANKING

IDFC First Bank's CEO V Vaidyanathan mentioned that the bank reduced its need for aggressive deposit and branch expansion as it transitioned to retail deposits. Provisions were projected to remain elevated in the near term due to asset quality issues, with improvement expected from Q3 onwards. The bank adjusted its deposit and credit growth targets accordingly.

from Banking/Finance-Industry-Economic Times https://ift.tt/uyWTApV
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