MOFSL Sees 16% Upside for IDFC First Bank Shares

MOFSL, a financial company, thinks IDFC First Bank's stock could go up.

They talked to the bank's leaders and see good things happening, like more loans and deposits.

The bank aims for about 20% loan growth.

Retail deposits are growing and the bank is working on making its operations more efficient.

While the bank is doing well, some factors like the shrinking microfinance business may cause a decline in earnings.

The bank expects its profits to improve, and that the bank has a healthy capital buffer.