Total deposits of the bank increased by 38.7 percent on-year from Rs 1. 45 lakh crore as of March 31, 2023 to Rs 2.01 lakh crore as of March 31, 2024.
Vaidyanathan said the Rs 1 crore penalty imposed on the bank earlier this month was for the sanction of an infrastructure project financing loan to a Karnataka PSU company in 2016 or 2017.
In the past Vaidyanathan has gifted shares to a deceased colleagues’ kin, his trainer, house help and driver
The IDFC First Bank MD and CEO says the transformation of the ecosystem from a traditional one to a new-age digital one is heavily backed by startups
Vaidyanathan said that innovation by startups and fintechs is leading a change in the Indian banking sector.
V Vaidyanathan, CMD of Capital First, says that there is no significant reason for the stock's price dipping 20% on Tuesday. The depreciation of the rupee has not affected the company's SME portfolio as of now, but it will now adopt a cautious approach.