IDFC First Bank Limited

Stock Opportunities
1334

Thanks for uploading the sheet. A few interesting things:

  1. There are now 724 branches and 38 offices.
  2. A whopping 62 branches were opened in in Q3FY21 and 7 in Q4FY21.
  3. Branch type is divided into 4 types: Metropolitan, Urban, Semi-Urban, Rural.
  4. Since 1/oct/2020, 35% of the branches added were in Urban, 39% in Semi Urban, 6% in Rural and 26% in Metropolitan area.
  5. Of the total branches: 28% are Urban, 21% are in Semi Urban, 6% are in rural and 44% in metropolitan area.
  6. This clearly shows a shifting focus towards the tier 2 and tier 3 towns/cities.

Also uploaded this to google sheets so that anyone can access easily:

Disc: Invested, this is not a buy or sell recommendation. Full PF here.

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