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Jefferies India has begun coverage on IDFC First Bank with a ‘buy’ rating and raised its target to Rs 100 a share, up 26 percent from its current market price.
IDFC First Bank boasts of a comprehensive banking platform catering to diverse customers with competitive rates and robust technology. Its urban presence facilitated over Rs 50,000 crore in retail deposits between March 21 and December 23, recording a 30 percent CAGR and positioning it as one of the fastest-growing banks.
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