IDFC First 2.0: 80% of deposits retail now; to touch Rs 6 lakh cr in 5 years: V Vaidyanathan

IDFC First Bank's CEO, V Vaidyanathan, discussed the impact of recent Tamil Nadu floods on their joint liability group loans, leading to higher provisions. However, strong deposit growth and diversified loan book are keys to their stable future. The bank aims to enhance profitability through a growing retail deposit base and effective risk management.