IDFC First Bank: Gross Yield to increase by 12%

Way2wealth | Feb. 7, 2019, 12:33 p.m.


At CMP of Rs. 41.65, IDFC First Bank is trading at P/B of 0.87 on FY19E basis as per Bloomberg consensus estimates. Given the aggressive strategies laid out by the management as envisaged above to transform the bank and attractive valuations, we are POSITIVEon IDFC First Bank.

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