Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
IDFC First Bank's Q3 net profit drops to ₹339 crore
short by / on Sunday, 26 January, 2025
IDFC First Bank reported a drop in Q3FY25 net profit, falling to ₹339.4 crore from ₹715.7 crore last year. This decline was mainly due to higher provisions linked to increased loan slippages. The lender's net interest income (NII) stood at ₹4,902 crore for Q3FY25, reflecting a 14.4% YoY growth.