IDFC First Bank Next – IDFC + Capital First Merger Afterwards
Recently IDFC Bank and Capital First merged to become new bank – IDFC First Bank. V. Vaidyanathan will lead the new bank, he is the man who started Capital First and made it in the list of successful NBFC in recent past.
- We think new entity would be very successful as we have belief on its leader, logically also – Capital First has huge retail loan franchises which will be now backed by low cost CASA deposits of IDFC, this is perfect combination as currently NBFC gets the money from MF or money market at 7-8 % and lent at 9-10% now this 7-8% would be around 4-5 %, hence increase in the net interest margin.
- We believe V.Vaidyathan has ample experience right from his CITI Bank to CEO of ICICI prudential later starting the Capital First from scratch and carried it to highest level.
Here are few useful videos about new Entity IDFC First Bank and V. Vaidyanathan ji
1. Interview of V. Vaidyanathan new MD and CEO of merged entity
2. Capital First Journey – How V. Vaidyanathan made it successful company