💨 Abstract

IDFC First Bank's long-term debt instruments have been re-affirmed at 'CARE AA+ / Stable' by CARE Ratings. This is due to the bank's comfortable capitalization levels, improvement in scale, diversification, and retail lending, and gradual reduction in legacy infrastructure lending. However, moderate profitability and challenges in asset quality, particularly in the micro-finance segment, are concerns.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖