Wednesday, 26 April 2017

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IDFC Bank, which set up its banking operations in 2015, is aggressively betting on the "Bharat" banking segment for the next 2-3 years. Listing out the bank's medium-term goals, plan "to systematically build a mass retail bank in the next 24-36 months". For this, the bank is open to acquiring "anything under the sun" including a bank or microfinance company to boost its retail share, which has grown to 25 percent at Rs 17,000 crore from almost nothing.

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