IDFC First Bank Limited

Could you please clarify your statement about IndusInd Bank with better numbers? While IndusInd has a lower Cost to Income Ratio (CI), their Profit After Tax (PAT) is only growing at a rate of 17% year-on-year. In contrast, IDFC First is experiencing an 18% growth y-o-y, even with its high CI ratio taken into consideration.

I agree with you that IDFC First’s quarter-on-quarter performance is subdued and could be improved by reducing CI and provisions.