 "IDFC Bank's networth pegged at Rs 13,322 crore")
Private sector lender IDFC Bank, which started its banking operations at the start of this month, has said its networth stands at Rs 13,322 crore. In an email sent to its shareholders it also said the bank has a balance sheet size of Rs 73,447 crore.
Post demerger, the networth of IDFC is Rs 9,580 crore and its portfolio of businesses include 53 per cent stake in IDFC Bank, 75 per cent stake in IDFC Asset Management Company, 100 per cent stake in IDFC Securities, 100 per cent stake in IDFC Alternatives and as of now, 100 per cent stake in IDFC Infrastructure Debt Fund.
The lender launched its banking operations with 23 branches out of which 15 are rural branches in Madhya Pradesh. IDFC also stated that the book value of IDFC share is Rs 60.10 and that of IDFC Bank share is Rs 39.11.
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