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Retail business will grow to 65-70% of merged entity over 5 years, says Capital First on merger with IDFC Bank

Updated : August 31, 2018 01:14 PM IST

Capital First is expecting the combined retail business to grow up to 70 percent after merger with IDFC Bank, said V Vaidyanathan, executive chairman of the former.

“As we progress the story forward over the next few years, we believe that we can build back the retail business from Rs 30,000 crore, on combined basis of the two institutions, all the way back to about Rs 1 lakh crore in the next five years,” he said.

The IDFC Bank shareholders’ meeting is scheduled to take place on the September 3rd on the merger, while Capital First shareholders’ meeting will be held towards the end of September.

Vaidyanathan said that close to Rs 50,000 crore of wholesale loans exist in IDFC Bank.
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