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Last Updated : Nov 15, 2018 11:20 PM IST | Source: PTI

Icra downgrades IDFC Bank

Downgrading the bank, the agency said profitability of the bank will remain weak in the medium- to near- term even after the planned merger with Capital First and added that high cost wholesale liabilities are also a concern.

 
 
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Domestic ratings agency Icra has downgraded the long-term ratings of the youngest private sector lender IDFC Bank on profitability concerns.

Downgrading the bank, the agency said profitability of the bank will remain weak in the medium- to near- term even after the planned merger with Capital First and added that high cost wholesale liabilities are also a concern.
First Published on Nov 15, 2018 11:10 pm
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