V VAIDYANATHAN
IDFC First Bank’s MFI provision will go down every quarter from now; opex to fall further to 12-13%: V Vaidyanathan
IDFC First Bank's MD & CEO, V Vaidyanathan, anticipates improved performance in FY26, driven by peaking microfinance provisions and reduced operating expenses. The bank expects a gradual ROA improvement, particularly in Q3 and Q4, with PAT increasing as the microfinance challenges subside. Strong CASA, deposit, and loan growth, excluding microfinance, further support this positive outlook.
IDFC First Bank Q4 Results: Standalone PAT falls 58% YoY to Rs 304 crore, NII up 9%
IDFC First Bank reported a 58% YoY drop in Q4 net profit to Rs 304 crore, impacted by a decline in its microfinance loan portfolio. Despite this, Net Interest Income rose by 9.8% to Rs 4,907 crore. The bank saw strong growth in customer deposits, increasing 25.2% YoY, with retail deposits up 26.4%.
IDFC First to raise Rs 7,500 cr in equity capital
IDFC First Bank is set to raise ₹7,500 crore through CCPS, with Warburg Pincus and ADIA investing ₹4,876 crore and ₹2,624 crore respectively. This move aims to bolster the bank's capital adequacy as it focuses on expanding its infrastructure and new business segments.
IDFC FIRST Bank eyes 20% loan book expansion with fresh capital boost
IDFC First Bank aims for a stable 20% growth, fueled by a recent capital raise of ₹7,500 crores, increasing their capital adequacy ratio to 19%. This infusion provides a buffer against global economic uncertainties and supports the bank's ambition to achieve a AAA rating.
IDFC First Bank shares slip over 4% after Rs 7,500 crore fundraise approval
IDFC First Bank shares fell 4.1% after it approved raising Rs 7,500 crore via preferential issue to Warburg Pincus and ADIA affiliates. Despite microfinance headwinds in FY25, the bank highlighted strong long-term growth, improved metrics, and a turnaround in profitability. Analysts maintain a 'Hold' rating with a 4% upside potential, as the stock trades near key technical levels.
IDFC First Bank to raise Rs 7,500 crore from Warburg Pincus and Abu Dhabi Investment Authority
IDFC FIRST Bank is set to receive a significant capital infusion of Rs 7,500 crore from Warburg Pincus and the Abu Dhabi Investment Authority (ADIA). This investment aims to fuel the bank's next growth phase, building upon its transformation from an infrastructure-focused institution to a technology-driven universal bank.
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Jackpot for 650 employees! Mutual fund distributor plans Rs 34 crore stock surprise
Prudent Corporate's chairman, Sanjay Shah, secured regulatory approval to gift Rs 34 crore worth of shares to 650 employees and personal staff, including household help, marking the company’s 25th anniversary. Sebi granted an exemption, ensuring no governance disruptions.
'Love 2K' OTT debut date out: When and where to watch Tamil rom-com
Suseenthiran's 2K Love Story, a Tamil romantic drama, revolves around childhood friends Karthik and Monica as they navigate the complexities of adulthood. Premiering in theaters on February 14, the film is set for its digital release on Aha on March 14, featuring Jagaveer and Meenakshi Govindarajan.
Prudent's Shah gets Sebi nod to gift shares to staff
Sanjay Shah wanted to distribute among 650 employees about ₹33 crore worth of shares of Prudent Corporate Advisory Services, India's fifth-largest mutual fund distributor. The intended recipients included staff members engaged at his home.
‘I choked up’: Kumar Mangalam Birla, Peyush Bansal, and more get surprise tributes at ET Awards
At the 25th ET Awards, winners celebrated with their families on stage. Highlights include Lenskart founder Peyush Bansal's team appreciation, Vishakha Mulye's colleague anecdotes, and Kumar Mangalam Birla's emotional tribute from daughter Ananya, among others. The event showcased personal stories behind professional achievements.
Excluding MFI, want good asset quality along with 20% growth for rest of the book: V Vaidyanathan, IDFC First Bank
IDFC First Bank's CEO V Vaidyanathan outlines the bank's strategic investments in new business lines like cash and wealth management, aiming for profitability and reduction in cost-to-income ratio over the next four years. Despite current challenges, particularly in the MFI sector, he remains confident in achieving growth targets, supported by strong deposit growth and asset quality.
V Vaidyanathan on how IDFC First Bank is growing@30% despite MFI business stress & infra loan account write-off
IDFC First Bank's CEO, V Vaidyanathan, reveals stress in the microfinance sector due to multiple adverse events. Despite rising delinquencies, IDFC First fares better than peers. A significant write-off on an infrastructure loan is also highlighted. However, robust deposit growth and overall portfolio health indicate resilience and continued growth prospects.
RBI extends tenure of IDFC First Bank MD V Vaidyanathan for another 3 years
The Reserve Bank of India has extended the tenure of IDFC First Bank's Managing Director V Vaidyanathan for another three years, effective from December 19, 2024, to December 18, 2027. The bank's board had earlier approved his re-appointment following the expiry of his current term in December 2024. Vaidyanathan has been leading the bank since December 2018.
IDFC First 2.0: 80% of deposits retail now; to touch Rs 6 lakh cr in 5 years: V Vaidyanathan
IDFC First Bank's CEO, V Vaidyanathan, discussed the impact of recent Tamil Nadu floods on their joint liability group loans, leading to higher provisions. However, strong deposit growth and diversified loan book are keys to their stable future. The bank aims to enhance profitability through a growing retail deposit base and effective risk management.
Expect a capital call from IDFC First Bank in FY25: V Vaidyanathan
IDFC First Bank, led by V Vaidyanathan, plans to raise capital in FY25 to support growth. The bank's strong market performance, deposit growth, and focus on loan quality position it for continued success in the financial sector. Vaidyanathan also says that he expects income to grow faster than and by a meaningful number and maybe by 400-500 basis points. That will open up the jaw of profitability.
We haven't set one foot wrong on lending asset quality; want to improve profitability in next 5 years: V Vaidyanathan, IDFC First Bank
V Vaidyanathan says: We got the culture in the bank right; high quality banking, asking our employees to be very, very customer friendly and bend backward for the customer, we got the deposit right. We also got the loan book right. In five years, we have not set one foot wrong on lending side asset quality.
IDFC First Bank MD & CEO gifts 5 lakh shares to kin of deceased colleague
Vaidyanathan had earlier too gifted his shares to staff members, including his trainer, househelp and driver, to help them purchase homes.
IDFC FIRST Bank MD & CEO gifts shares worth over Rs 3.95 cr to trainer, driver, support staff
V Vaidyanathan, managing director and chief executive officer, has gifted 9,00,000 equity shares of IDFC FIRST Bank held by him on February 21, 2022, the bank said in a regulatory filing on Monday.
IDFC First Bank earnings income to grow faster & credit cost to come down this year: V Vaidyanathan
“Legacy accounts have been dealt with and are behind , operating profit has more than doubled.”
2 decades ago, between 2 bankers - V Vaidyanathan and N Vaghul - existed a parable universe
The narration happened when Vaidyanathan joined ICICI as head of retail lending business.
RBI approves appointment of V Vaidyanathan as MD, CEO of IDFC First Bank
Following the merger, the board of IDFC First Bank approved the appointment of Vaidyanathan as MD and CEO of the new entity.
IDFC First: Management buyout turns into bank
“There have been instances of financial institutions converting into a bank or promoting one,” said V Vaidyanathan.
Expect 40-50% growth in EMI-based consumer finance: V Vaidyanathan, Capital First
Next two-three years looks really good for Capital First.
Interest rates, corporate taxes, GST to impact macros in next 3 years: V Vaidyanathan, Capital First
"The consumption economy is the first to take off from this situation because investment economy is not yet taking off because of the extent of debt."
Why entrepreneurs must be mentally prepared for a struggle to get PE backing
A quality PE can change your life. You have to be mentally prepared for struggle to get a backing, but it is not impossible.
Interest rates have already started coming down in marketplace: V Vaidyanathan, Capital First
We are all happy that the NBFC guidelines have come and gone. There is nothing that should really disturb anybody who is watching the NBFC space.
RBI not getting carried away by expectations: V Vaidyanathan, Capital First
"CRR not changing is certainly on expected lines because I did not expect it. I felt that the liquidity tightness was rather artificial "
RBI action will help in reducing interest rates: V Vaidyanathan, Future Capital Holdings
The CRR cut does not dilute the anti-inflationary stand and also brings liquidity into the system, says V Vaidyanathan.
Banking system will not pass on this hike immediately: V Vaidyanathan
"...banking system will not pass this on almost immediately, we just have a feeling that the banks are generally quite concerned about the credit growth numbers not holding up."
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