Buy IDFC First Bank, target price Rs 75: ICICI Securities

ICICI Securities is optimistic about IDFC First Bank. They maintain a Buy call. The target price is revised to Rs 75. A large capital infusion is expected to boost loan growth. This infusion will also improve operating leverage. Warburg and ADIA's investment should strengthen the bank's CET1. The bank's fixed-rate loans position it well for Net Interest Margin.