Good quarter and future growth prospects intact. IDFC First Bank, founded by the merger of erstwhile IDFC Bank and erstwhile Capital First on December 18, 2018. At present, the bank's total number of branches stands at 523, with a total funded assets to the tune of around ~Rs.1,06,828cr. We value the bank at 1.3x Adj BVPS of FY22E and revise our rating...