IDFC Bank reports 24% fall in Q3 net profit

IDFC First Bank Ltd. | Bank - Private | BFSI | BSE: 539437 | NSE: IDFCFIRSTB

19 Jan 2018 Evaluate

IDFC Bank has reported results for third quarter ended December 31, 2017.

The Bank has reported 23.61% fall in its net profit at Rs 146.11 crore for the quarter under review as compared to Rs 191.26 crore for the same quarter in the previous year. Total income of the Bank decreased by 2.73% at Rs 2514.51 crore for Q3FY18 as compared Rs 2585.08 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal improved to 5.62%, as compared to 7.03% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.52% in Q3FY18.

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HDFC Bank	739.00
ICICI Bank	1339.50
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Indusind Bank	953.00
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