Kedar bhai…
When a conversation comes to credibility, VV refers to his Capital First days. And rightly so. Idfcfirst is nothing but an extention of his career from Capital First.
A chunk of that book is carried under the new banner. That business is a time tested one. Those Customers are well understood.
This also gives us relief to know that VV has been doing this core lending business since FY 10
NPA is one thing he knows how to keep under check. His team has good experience in collection systems etc.
Most importantly, he has passed the litmus test: Covid. If he can survive that, get away without major NPA, then he is good for another decade.
What appears new to his experience is the technology bit, the in-house credit card and loan disbursement tech where they will bypass the need for DSA. Hence, reducing cost. It appears, that couldn’t be a huge threat.
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