Hello,
I was analysing IDFC’s branch network expansion and related synergies. IDFC first has Operating expense per branch per quarter at approx. 3 crores (1588 cr. for 524 branches in Sep’20). It has gone significantly down compared to Sep’19 when it was 4 crores (1378 cr. for 351 branches).
But it is still significantly higher than other banks e.g. Bandhan bank is at 60 lakhs (677 cr. for 1045 branches) and HDFC is at 1.5 crores (8607 cr. for 5416 branches).
Can anyone please put some light on this disparity?