IDFC First Bank Plans To Raise Rs 1,500 Cr Tier-2 Capital By FY20-End
  • WebDesk BTVI
  • Jul 25 2019

IDFC First Bank has reported a net loss of Rs 617 crore for the April-June quarter of the current fiscal on account of higher provisioning. Speaking to BTVI, Pankaj Sanklecha, CFO at IDFC First Bank, expects strong product offerings to help boost the CASA ratio. He said the bank is not looking to raise Tier-I capital in FY20, but is looking to raise Rs 1,500 crore Tier-2 capital. Here's more.