IDFC Bank plans to double retail book

Claims to have mobilised Rs 400 crore through digital banking

IDFC Bank, which concluded its first full year of operations in FY17, said its vision was to become a mass retail bank in 5 years. 

To support this growth, the bank plans to accelerate retail lending and retail liability acquisition. The bank plans to double the share of its retail book, systematically bring down the proportion of the corporate-funded book, and further reduce exposure to infrastructure over 2-3 years.
 

IDFC Bank had started banking operations on October 1, 2015. An annual general meeting of bank shareholders will be held on July 28 in Chennai. 

In a letter to shareholders, Rajiv