Aditya Shah warns of near-term risks in IDFC First Bank, stays positive on IT

On the banking front, Shah expressed caution following the fraud episode at IDFC First Bank, describing it as a serious issue that requires thorough system and process checks. He said the bank may not recover for the next one or two quarters until full clarity emerges and expects the stock to remain range-bound in the near term, though it could look interesting near one time price-to-book once uncertainties are resolved. He also flagged possible deposit outflows and near-term growth impact for both Discuss ...