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You are Here : Moneycontrol Forum Forum Topics Stocks

IDFC Bank

FOUR EYES
Silver Member

763 Messages

Some facts about IDFC Bank: Its founder Dr Rajiv lal is a veteran economist for last 30 years and has worked in various RBI Committees along with ex Governor Raghuram Raju, he has been a partner of popular private equity firm Warburg Pincus. IDFC Bank has recently sold its legacy infrastructure loans of Rs.2000 cr to ARCs. As a result of this sale, NET NPA levels reduced to Rs 580 Cr (1.1%). The Percentage of Infrastructure loans have come down from 75% to 51% in FY2017 after 1.5 years of commencement of bank. Currently it has 74 Branches under its network likely to go up to 200 Branches by 2020 and corporate Business Correspondents will go up from 350 currently to 1000 by 2020. Capital Adequacy Ratio stood strong at 18.9% with Tier I capital ratio at 18.5%. The bank does not plan to raise Tier I capital atleast for the next 2 years. Guided CASA growth of 15% from current 4%. Expect one acquisition the options available are South Indian Bank and Karnataka bank for them. It is trading at 1.3 x book value.

12.48 AM Jun 21st
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