IDFC First Bank Limited

Credit card data by RBI for Nov is out. IDFC cards seem to have done well. I feel that in a few months card business should be nearing break even point. It would be nice to hear from the knowledgeable on the subject.

In my opinion there are three imminent events in H1 CY 24, which will positively impact the market perception of the bank, whenever they occur.

1. Completion of merger.

2. Reaching break even point in credit card business.

3. Infra loan book dropping below 1% of total book.