In a bid to become a mass retail bank in five years, IDFC Bank is reportedly planning to accelerate the pace of retail lending and retail liability acquisition. The bank is planning to double the share of its retail book, systematically bring down the proportion of the corporate-funded book, and further reduce exposure to infrastructure over the next two to three years.
The bank has commenced its banking operations with effect from October 01, 2015. The annual general meeting of bank shareholders is slated for July 28, 2017, Chennai.
IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, internet and mobile. Envisioned as a new age bank, IDFC Bank seeks to set a new standard in customer experience, using technology and a service-oriented approach, to make banking simple and accessible, anytime and from anywhere.