Non-public sector lender IDFC First Financial institution posted a 61% rise in internet revenue within the June quarter on the again of 36% progress in internet curiosity earnings. Its mortgage e-book and deposit e-book grew by 25% and 44%, respectively, over a yr in the past. It additionally expects to proceed rising at a gradual tempo. In an interview, IDFC First’s chief government V. Vaidyanathan stated demand for working capital loans from small companies is on the rise following the federal government’s capital expenditure push. Edited excerpts:
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