IDFC First Bank said its proposed deal would boost the bank's standalone book value by 4.9% as of March 31, 2023 and aims to increase its balance sheet by 20-25% per year in the near to medium term.

IDFC First Bank's standalone book value would increase by 4.9% as a result of the deal, the lender said. IDFC First Bank had a loan book of 1.61 trillion rupees and a balance sheet size of 2.4 ...