IDFC FIRST Bank to Raise Rs 3,200 cr Via Preferential Issue
NewsVoir Mumbai Maharashtra [India] May 31 IDFC FIRST Bank has laid a robust foundation with a strong and profitable business model The Bank is seeing strong traction in raising deposits with customer deposits growing by 42 in FY24 over FY23 The Bank also sees significant upcoming opportunities for loan growth with high asset quality The overall asset quality of the Bank continues to be good with GNPA of 188 and NNPA of 060 as of March 31 2024 In the retail rural and sme finance book the Gross and Net NPA continues to be quite low at 138 and 044 respectively as of March 31 2024 The Bank is als...