India's IDFC Bank eyes $2b rural banking portfolio in five years

India's IDFC Bank eyes $2b rural banking portfolio in five years

Managing director Rajiv Lall unveils the new logo of IDFC Bank in Mumbai on Thursday. Photo: Mint

IDFC Bank, soon to become the 91st scheduled commercial bank in India, will scale up its rural banking portfolio to a size of about $1.5- $2 billion (Rs.10,000-15,000 crore) in five years, Rajiv Lall, executive vice chairman and managing director, said on Thursday.

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