IDFC First Bank planning to make home loans 40% of total portfolio

The bank has started offering prime home loans to employees of top corporates starting at 6.9 per cent

After stablising the liabilities (deposits) side of business, private lender IDFC First Bank intends to become aggressive in home loans to make it 40 per cent of total loan portfolio in long run.
 

The bank has liabilities with a low cost Current Account and Savings Account (CASA) share of over 51 per cent and is in a position to effectively participate in the prime home loan market. It will also book prime home loans to top corporates now.
 

“We like this business and could turn it into a 40 per cent of the bank book in the longer run”, said