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IDFC First Bank Q2 Net Profit Jumps 196.5% to Rs 1,045 Crore

Net profit rose year on year in the September quarter, supported by lower provisions and improving asset quality. Net interest income and deposits also recorded strong growth.

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IDFC First Bank’s net profit rose to Rs 1,045 crore in the September quarter, supported by lower provisions and improving asset quality, while net interest income and deposits recorded strong growthIDFC First Bank reported a 196.5 per cent year-on-year rise in net profit to Rs 1,045 crore for the s…