 "V Vaidyanathan, managing director and chief executive officer (MD&CEO), IDFC First Bank")
IDFC First Bank expects stress in its microfinance (MFI) book to bottom out in the next couple of quarters, after which it will start growing its book, albeit in a measured way, said V Vaidyanathan, managing director and chief executive officer (MD&CEO), IDFC First Bank.
He added that the bank will put the proposal for board seat to US-based private equity (PE) giant Warburg Pincus’s arm Currant Sea Investments B V in the upcoming annual general meeting (AGM), after reworking the terms to make it acceptable to the shareholders, and that the bank is confident that it will secure the
