India's Credit Market Is Likely To Grow 3x In 10 Yrs: IDFC FIRST Bank MD & CEO

#IndiaExchange | IDFC FIRST Bank MD & CEO, V Vaidyanathan shares a trivia. He says, 'In 1994, India's credit market was ₹1.7-2 lakh crore which is the size of IDFC FIRST Bank today. He adds India's credit market is likely to grow 3x from now that is ₹480 lakh cr.

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[saurabhkakkar]

It's important to have savings growth as well with the credit growth..but savings are declining and credit is growing... which eventually turns into an individual high debt stress and depression..

[shuddhodhanshetty]

I'm concerned about the fly on his suit

[upasanashil]

It’s wonderful to see India not being afraid and being bullish.

[ShriKiFamily]

Great insights on India's credit market potential!

[kavitasingh]

⁠You can predict how quickly India can grow in the next 10 years with these numbers

[kiransai]

That fly on the coat natives the discussion to the core.

[knowledgetantra]

This can lead to some great opportunities and economic growth, excited to see it unfold

[haarisbattiwala]

Credit markets growing means ... people are getting loans...in india most people only get loans when they don't have any other choice be it for medical expenses or debt payments or marriage/function....i think most loans are under 10-5 lacs

[rajdurrani]

We are consistently outperforming the world! Great to see VVN put it so nicely 👌

[sekharpriyansu]

How higher credit is a good thing... Infact, it creates a higher risks of npa and inflation.

[unicornsayani]

Exciting forecast! Can't wait to see how this transforms the economy

[anjalitripathi]

Those are some fantastic numbers! Who knew we were growing at such a rapid pace?

[mahikiduniya]

⁠I didn’t know that! Thank you for the insight.

[simple_lifestylewithme]

This panel discussion was quite interesting

[imranmohsin]

Doesnt this basically mean the world just takes debt and never pay ... Its like lets roll a dice and banks decide who gets the money all over yhe world ... Say no to loan with interest its a killer of future of the world

[avinashchoudhari]

You see all these knowledge can be used to increase idfc firstbank profits and turnover which is stagnant and share prices going no where
Small Finance banks are generaring more value for share holders than idfc first bank
Recent ipo of Jana bank opened at 400 odd and trading at 600 plus while idfc first bank is struggling at meagre 75 to 85 for ages

[vaibhavmuskaan]

The Indian banking sector is doing a great job, even after facing so many challenges.

[trytobesmart]

Bro, speaking from the perspective of a bank owner, we actually need more savings instead of credit.

[harshsparikh]

Mortein missed the ad opportunity. Where is their CMO?

[priharahj]

hope and pray we middle class indian benefit frm this hope all get their opportunity and success... jai hind