IDFC Bank aims to triple branches, increase POS by 100% in 36 months

The bank is unlikely to wait for the merger with Shriram Group to follow through with plans

IDFC Bank will pursue its branch expansion plan organically during the current fiscal and won't wait till Shriram merger happens, a top official said.

Meanwhile, the bank has chalked out its plan for the next 36 months, which includes doubling its branches and growing point of sales to one lakh. The bank is also targeting Rs 5,000 crore every year from retail alone.

Rajiv B Lall, founder managing director & CEO, said that by end of 2017-18, the bank plans to increase its branches by 156-160 organically. 

Over the next 36 months, IDFC Bank plans to increase its number of