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Friday, August 3, 2018

Maintain ‘buy’ on IDFC Bank with TP at Rs 54

IDFC Bank’s (IDFCB) Q1FY19 earnings exceeded estimates on lower credit cost, while revenue was in line. While erstwhile recognised stress pool remains broadly steady, IDFCB expects additional Rs 6 billion provisions on it (taking coverage to 90%).

from The Financial ExpressBanking & Finance – The Financial Express


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