IDFC First Bank's Q4 net profit dropped 10% to ₹724 crore, while total income and NII increased; gross NPA ratio fell to 1.88%.
IDFC First Bank reported a 10% drop in Q4 net profit at ₹724 crore, compared to ₹803 crore in the previous year. Total income increased to ₹9,861 crore in Q4 FY24, from ₹7,822 crore in the previous year. Net interest income (NII) rose 24% to ₹4,469 crore in Q4 FY24 from ₹3,597 crore in Q4 FY23. The bank's gross non-performing asset ratio fell to 1.88% as of March 31, 2024, from 2.51% in the previous year.
April 27, 2024
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