IDFC Bank to speed up lending, aims to achieve goal of mass retail banking

The bank claims it has acquired a customer base of around 1.4 million

IDFC Bank, which concluded first full year of operations in 2017, said its vision is to become a mass retail bank in five years. To support this growth, the bank plans to accelerate the pace of 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 the next two to three years.

The bank has commenced its banking operations with effect from October 01, 2015. The annual general meeting of bank shareholders is slated for July 28,