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IDFC Bank aims to triple branches, increase POS by 100% in 36 months

Saturday, July 29, 2017, 7:21 AM

IDFC Bank will pursue its branch expansion plan organically during the current fiscal and won't wait till Shriram merger happens, a top official said. Meanwhile, the bank has chalked out its plan for the next 36 months, which includes doubling its branches and growing point of sales to one lakh. The bank is also targeting Rs 5,000 crore every year from retail alone.
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Banks to discuss RCom debt restructuring proposals today

Friday, June 2, 2017, 8:18 AM

Lenders to RCom have convened a meeting on Friday to discuss restructuring proposals for the debt-ridden telecom firm, said two bankers directly involved in discussions. On Thursday, ratings agency Fitch said “some kind of default is a real possibility”, while cutting RCom’s debt rating to junk status. The restructuring proposals could look at all available recast tools like CDR, SDR and S4A, source said.

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