{
V Vaidyanathan

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}
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IDFC First Bank CEO optimistic about recovery in profits by next quarter

V. Vaidyanathan, MD & CEO of IDFC First Bank, expressed optimism for a recovery in profits by the third quarter, despite a challenging second quarter. The bank has extended loan repayment terms for microfinance institutions to 90 days to support their customers, and has collected Rs 600 crore of its Rs 1,100 crore exposure in the infrastructure sector, with further collections expected through government procedures. The bank will continue to transparently disclose its special mention accounts in investor presentations.
Moneycontrol
IDFC First Bank Limited IND V Vaidyanathan
Finance & Economy, Transcript
06:01 28.10.2024
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