IDFC First Bank plans to double its branch network in five years, while reducing bad loans. The bank aims to expand assets by 20% annually and deposits by 25%. With a stable operating business and improved visibility, the bank is confident in achieving its targets. It has successfully improved CASA and increased its loan book. The bank plans to open branches based on deposit goals and grow deposits at a CAGR of 25%. Loans and advances will see a CAGR of 20.3% while keeping asset quality under control.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.