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Questions across 1 call

Deepak Vohra

Premier Capital

IDFC First Bank Limited

IDFC First Bank Limited CC-Mar24.pdf · 2024-04-27
My question is largely on the cost to income ratio, again. Although we have come down from the levels five years ago, I feel that we are still at a much higher level than the guidance shared during the merger, which was around 55%. Also, if you see the Financial Year ‘24 versus ‘23, on an annual basis, the cost to income has actually gone up rather than scaling down. And in the last year, we have made a significant investment for the BCCI sponsorship. So, I just wanted to get a better understanding on what drove the higher levels for the Financial Year ‘24.