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…
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