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V Vaidyanathan Of Capital First On Merger With IDFC Bank | CNBC-TV18

Capital First is expecting the combined retail business to grow up to 70 percent after merger with IDFC Bank, said V Vaidyanathan, executive chairman of the former. “As we progress the story forward over the next few years, we believe that we can build back the retail business from Rs 30,000 crore, on combined basis of the two institutions, all the way back to about Rs 1 lakh crore in the next five years,” he said. The IDFC Bank shareholders’ meeting is scheduled to take place on the September 3rd on the merger, while Capital First shareholders’ meeting will be held towards the end of September. Vaidyanathan said that close to Rs 50,000 crore of wholesale loans exist in IDFC Bank. CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise. Subscribe to our Channel: https://goo.gl/hKwgtm Like us on Facebook:   / cnbctv18india   Follow us on Twitter:   / cnbctv18news   Website: http://www.moneycontrol.com/cnbctv18/