Capital First will be IDFC Bank’s big leap towards achieving its aspirational six million customer base by 2020. IDFC Bank Ltd’s inorganic attempts at growth have been very similar to the pitfalls such a shoe-shopper seeking upward mobility faces. The swap ratio is 139 shares of IDFC Bank to every 10 shares of Capital First. The IDFC Bank stock has gone nowhere and, in fact, trades 4.3% lower than its listing price. In all its attempts to improve its asset side, IDFC Bank has given no guidance for its liabilities.

Source: Mint January 15, 2018 02:37 UTC