IDFC First Bank Limited

I agree with management guidance of 13000 Cr Profit after 5 yrs. I think this is conversative forcast in my assesement Profit can be 20-25% higher than what management suggested if they are able to control or manage Cost to income ratio. I think last 5 years dedicated to restructuring the bank and next 5 yrs will be focused on optimising and improve efficiency.

I belive there is not major macro issue after 5 yrs conservatively profit will be 13-K14K Crs and optimistcally it will be in the range of 17-20 K Crs

Note: I have done my calculation based on valruis bank’s historical(HDFC, Kotak, Indusind) performance. I am not sebi registered advisor and my views can be biased.