IDFC First to hinge on branch expansion, 'retailization' and integration

Newly formed bank has to compete in a tough market, push past legacy issues

With regulatory clearances now in place, IDFC First, the new bank that was formed through the merger of Capital First and IDFC will focus on building liabilities on the retail side, expanding its bricks and mortar network and of course do what all brand new banks aim to do, which is chase new customers, streamline operations and build a new identity. 

After the completion of their merger on the 18th of December, IDFC First Bank has  a combined loan asset book of Rs 1.02 trillion, according to the reported financial results for the quarter ended September 30. On a combined