Moneycontrol
Last Updated : Feb 01, 2016 02:36 PM IST | Source: CNBC-TV18

IDFC Bank well capitalised; non-fund biz picking up: Limaye

Newest private sector lender IDFC Bank posted a net profit of Rs 242.16 crore for the December quarter, and said it will focus on expanding its priority sector lending book.

Newest private sector lender IDFC Bank posted a net profit of Rs 242.16 crore for the December quarter, and said it will focus on expanding its priority sector lending book.

The bank, which was formed out of a demerger from infra lender IDFC, started with a balance sheet of Rs 75,000 crore that has now grown to Rs 85,500 crore. Its loan book stood at Rs 43,000 crore, while the fixed income investments were at Rs 34,000 crore as against the statutory liquidity ratio requirement of only Rs 11,000 crore.

Vikram Limaye, MD & CEO of IDFC in a press conference spoke about the outlook going forward.


First Published on Feb 1, 2016 10:46 am
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