IDFC First Bank's MD and CEO, V. Vaidyanathan, expressed confidence in corporate loans, highlighting the bank's strong track record of no delinquencies in its loan book over the past five years.

The bank intends to continue supporting non-banking financial institutions (NBFCs) that are currently under regulatory scrutiny from the Reserve Bank of India (RBI).

Vaidyanathan acknowledged the bank's exposure to these NBFCs but assured that the bank is committed to assisting them during this challenging period. He is confident that once the restrictions are lifted, the NBFCs will take the necessary steps to recover.

In the second quarter, the bank's corporate loan book, which includes financing for commercial vehicles and equipment, reported a year-on-year growth of 20.7%.

As of September 30, the bank's total business finance stood at Rs 63,321 crore, accounting for approximately 28% of the bank's outstanding dues.