Moneycontrol PRO

business

See mid-teen RoE from rural banking in 3-4 yrs: IDFC's Lall

Rural banking is less costly to build out, will be cash break even much sooner and will actually generate a return on equity (RoE) that we expect will be in the mid-teens within the next three to four years, says Rajiv Lall, MD & CEO, IDFC Bank

first published: Nov 6, 2015 02:08 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347