155 shares of IDFC First Bank will be alloted for 100 shares of IDFC according to an Indian media report.
India's IDFC First Bank expects to see robust credit growth following its recent merger, according to managing director and CEO V. Vaidyanathan.
Last week, IDFC First Bank said its board had approved its merger with IDFC Ltd. , the latest in a wave of consolidation in India's financial sector.
"For India's credit market, let me say about a 15% credit growth would be a fair expectation in the near future.
And for our bank, a 25% credit growth would be a fair expectation with stable asset quality."
Persons:
India's, Vaidyanathan, CNBC's
Organizations:
IDFC, Bank, IDFC Ltd, HDFC Bank, Housing Development Finance Corporation
Locations:
Mumbai, India