 "V Vaidyanathan, IDFC First Bank CEO")
Explaining what went behind the Rs 2,000 crore of equity raise announced last Friday, V VAIDYANATHAN, MD & CEO, IDFC First Bank in an exclusive Zoom call with Hamsini Karthik says the intention was to be prepared for growth, as well as any asset quality contingency from Covid-19. Edited excerpts:
Would it be fair to say that the money raised is for a Covid-19 Protection Fund?
We have a strong business model. Our retail loan book has grown by 30% in the last one year and we feel this kind of growth can be sustained. Our CASA has grown by
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