IDFC First Bank Eyes $2 Billion FCNR Boost As Lower Costs Fuel 'Green Shoots' For RoE

IDFC First Bank plans to raise $1.5 to $2 billion through FCNR (B) route.

CEO V. Vaidyanathan expressed confidence in the fundraising effort.

Lower costs are fueling 'green shoots' for return on equity (RoE).

The FCNR boost would further secure the bank's funding base.