Guidance vs Performance of Guidance - IDFC First Bank

NSE: IDFCFIRSTB

Guidance 1.0 vs Performance of Guidance 1.0

• The Guidance 1.0 was given by the bank in Dec at the time of merger of IDFC and Capital First.

• The table below highlights the condition of bank at time of merger and targets achieved in the past 5 years.

Guidance 2.0  (Next 5 Year Plan: FY24-FY29)

• The Bank has met or most likely to meet most targets as provided under Guidance 1.0. 

• The bank shows a strong business model that is incrementally very profitable. Basis this model, a bank could make necessary investments and expenses, and yet improve profitability during FY 19-24. Banks have far greater visibility while providing Guidance 2.0 as compared to the visibility at the time of Guidance 1.0. 

• The plan is of building a world class bank with highest levels of corporate governance, a consistent balance sheet growth of ~20%, with strong asset quality of GNPA < 1.5% and net NPA of < 0.4%, with ROE of 17-18%, with contemporary technology, unique business model, and high levels of Customer Centricity.