Bank#39;s profits before provisioning are low currently because of the DFI (development financial institution) background with higher cost of legacy liabilities, and due to the set-up cost of a new bank, V Vaidyanathan, Managing Director and CEO, IDFC First Bank, said in bank#39;s Annual Report 2020-21.IDFC First Bank aims retail loan book growth of 25% on long-term basis
Bank#39;s profits before provisioning are low currently because of the DFI (development financial institution) background with higher cost of legacy liabilities, and due to the set-up cost of a new bank, V Vaidyanathan, Managing Director and CEO, IDFC First Bank, said in bank#39;s Annual Report 2020-21.
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