IDFC First Bank | V Vaidyanathan: Expect a capital call from IDFC First Bank in FY25: V Vaidyanathan

V Vaidyanathan, MD & CEO, IDFC First Bank, says: “You should expect a call to raise capital from us in FY25. Frankly, the markets have been quite giving for us in terms of the price to book. We are well-valued. We are running at a premium to the book. So, therefore, if you raise capital premium, it actually helps existing shareholders because book value per share goes up and also, it will allow the bank to have a stronger capital base and can help us grow in a more safe way going forward.”Vaidyanathan also says: “We expect income to grow faster and by a meaningful number and maybe by 400-500 basis points, which will open up the jaw of profitability.”As we understand, the big…
Read More…

Source: https://m.economictimes.com/markets/expert-view/expect-a-capital-call-from-idfc-first-bank-in-fy25-v-vaidyanathan/amp_articleshow/109685533.cms