IDFC Bank-Capital First merger: Share of retail loan to go up to 45%

The management of IDFC Bank and Capital First guided investors on Monday that the share of retail loans would be 45 per cent in total loan books of the merged entity. 

At the end of the September quarter, retail loans were just 26 per cent of the total loan books in the bank. The two announced their intention to merge to create an entity having Rs 880 billion in assets under management.

The plan is to take the retail loan share to 60 per cent by 2021, but organically, said Rajiv Lall and V Vaidyanathan in the conference call with investors. This