V Vaidyanathan, MD & CEO, IDFC FIRST Bank on how to Reboot India

IDFC First bank reported a net loss of Rs 630 crore in the April-June quarter of FY22 due to higher provisions because of Covid-19. In the same period last year, the lender had earned net profit of Rs 94 crore. Net interest income of the lender grew by 25% year-on-year to Rs 2,185 crore and sequentially it increased by 11%. It has reported the highest ever net interest margin (NIMs) at 5.51%. Does exposure to segments such as CVs, unsecured retail, SME & MFI puts visibility of growth in question? The bank has guided to 2.5% of credit costs for FY22, is this likely to remain elevated given comparatively lower provisioning? V Vaidyanathan, MD & CEO, IDFC FIRST Bank shares all the details in an exclusive conversation with ET NOW’s managing editor Nikunj Dalmia. Watch the full interview here.
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Видео V Vaidyanathan, MD & CEO, IDFC FIRST Bank on how to Reboot India канала ET NOW