India's IDFC First Bank says merger will boost credit growth
Publishing timestamp: 2023-07-11 03:42:32
Summary
IDFC First Bank expects robust credit growth following its merger with IDFC Ltd. The bank believes that India's growing economy presents immense growth potential for the merged entity. The merger is subject to regulatory approvals, but analysts believe it will not impact the bank's prospects for inclusion in the MSCI standard index.
Sentiment: POSITIVE
Tickers: IDFC-IN, HDFCBANK-IN, HDFC-IN, IDFCFIRSTB-IN,
Keywords: banks, economic events, asia economy, idfc first bank ltd, india, business news, housing development finance corporation ltd, hdfc bank ltd,
Source: https://www.cnbc.com/2023/07/11/indias-idfc-first-bank-says-merger-will-boost-credit-growth.html