I see some members criticising IDFC Bank but I do not think IDFC Bank has been a laggard considering they are mainly focussing on growing the retail biz.
When you say revenue de-grew, you have to look at the segmental revenue to understand why. Looking at sep '17 results, Treasury income fell (I do not know whether this happened at other banks), and wholesale revenue was expected to fall, while retail revenue has grown around 400% YOY. And then, even though they started with a legacy total infra book, now their GNPA is much better than Axis, ICICI. On the deposit front, I am not able to judge that as their strategy till now has been to not open many branches all over the country immediately.
And I will consider this (The CapF merger) an acquisition at 4 times book (not cheap) as a booster for their retail book. Both companies benefit here in my view.
Please correct me if my analysis is wrong.
Disc. : Holding both since Aug '17