Private sector lender IDFC First Bank on Saturday reported that its June quarter standalone net profit fell 11% year-on-year (YoY) to Rs 680.65 crore.
Its net interest income (NII) during the quarter rose 25.4% to Rs 4,695 crore while interest income jumped 28% to Rs 8,789 crore.
The pre-provisioning operating profit rose 25.5% to Rs 1,882 crore as compared to Rs 1,500 crore in the corresponding quarter of the previous fiscal year. During the quarter, IDFC First Bank’s GNPA came to 1.9%, a drop of 2 bps sequentially. The net NPA rose up marginally by 1 bps to 0.59% quarter-on-quarter.
More to come…
https://img.etimg.com/thumb/msid-112064743,width-1200,height-630,imgsize-76578,overlay-etmarkets/photo.jpg
Source link
