IDFC First Bank Limited

This quarter is where IDFC first has overtaken the second tier of banks like Bandhan bank, RBL bank, Yes banks of the world.
IDFC first bank is the only bank that is getting more deposit than the loans they give out.
Best part is they are aggressively raising Tier 2 bonds where dilution is stopped and Capital consumption is very very low even though loan growth is high. Capital consumption is just 1.3% were as Risk Weighted Asset increase by 4.4% this quarter where as loan growth is 4.67% means they are giving lower risk loans at the same time their NIMs increase from 5.98% to 6.36%.
I couldn’t ask anything more from the bank.
V V is very very categorical not to dilute further at cheap rates and hence aggressive in tier 2 raise.