Capital First brings with it the retail experience that IDFC Bank was looking for long. The non-banking finance company has built up capabilities that are strongly complementary to the bank, V Vaidyanathan, founder and chairman of Capital First Ltd, tells Anup Roy. Edited excerpts:
It’s a big day for you...
Yes, very, very big day for us as well as IDFC Bank.
IDFC Bank has a legacy problem and wanted to grow out of the problem through aggressive acquisitions. Will the strategy change now under you?
In the last five-six years, at Capital First, we have developed some really fantastic capabilities for small entrepreneurs