IDFC First Bank’s operating profit will continue to outpace loan book growth: V Vaidyanathan

Posted on:
Key Points

V Vaidyanathan, MD & CEO, IDFC First Bank, says: We feel that our operating profit will continue to outpace our loan book growth..

How was the magic happening that we grew the loan book by X, but operating profit was growing higher?.

We feel that our operating profit will continue to outpace our loan book growth..

You have done many firsts, if I may use the term in terms of renovating the entire rules of the banking industry, a new scheme for credit card, very high on customer experience, very strong interest rates on savings for savings and for fixed deposits..

There is a lot of power in it when people experience a brand, they refer us ahead, even at reasonable rates you will get a massive alpha on deposits if customer service is good and that is what we are trying for...

You might be interested in

IndusInd Bank beats Q4 profit view on strong loan growth, lower provisions

24, Apr, 23

India Business News: BENGALURU: IndusInd Bank reported a bigger-than-expected rise in fourth-quarter profit on Monday, helped by strong loan growth and drop in provisions .

India's IndusInd Bank beats Q1 profit view on loan growth, drop in provisions

18, Jul, 23

IndusInd Bank (INBK.NS) reported a bigger-than-expected rise in first-quarter profit on Tuesday, lifted by strong loan growth and a drop in provisions for bad loans.

PSU Banks Q1 results update: PNB, SBI lead as lenders on a strong footing, double the bottomline

09, Aug, 23

The overall net profit of 12 PSU banks in the first quarter of FY24 surged to ₹34,418 crore as compared to a net profit of ₹15,307 crore recorded in the April-June quarter of FY23.

India Kotak Mahindra Bank's 67% profit jump beats expectations

22, Jul, 23

India's Kotak Mahindra Bank (KTKM.NS) beat expectations on Saturday with a 67% year-on-year rise in net profit for the April-June quarter, helped by higher net interest income and robust loan growth.

Nearly one-third of BSE 500 cos’ EBITDA growth outpaced sales in Q1

24, Aug, 23

Data analysed by ETMarkets showed that as many as 154 companies that are part of the BSE500, have seen operating profit growing at a faster pace than revenue in the last quarter.

TMB net profit rises 4.6% in Q2 FY24

27, Oct, 23

India Business News: CHENNAI: Private sector Tamilnad Mercantile Bank (TMB) posted 4.

Rating: buy; HDFC Bank -Deposit mobilisation is the key

17, Apr, 23

Bank is making strong investments in branch expansion and hiring

High-yielding loans, lower provisions to boost bank nos

11, Apr, 23

Analysts say robust credit offtake and resolutions of a few stressed assets too will boost March quarter performance.