IDFC First Bank has reported results for third quarter ended December 31, 2018.
The Bank has reported a net loss of Rs 1,538.01 crore for the quarter under review as against Rs 146.11 crore for the same quarter in the previous year. However, total income of the Bank increased by 57.82% at Rs 3,968.40 crore for Q3FY19 as compared Rs 2,514.51 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the October-December quarter of the current fiscal improved to 1.97%, as compared to 5.62% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 0.95% in Q3FY19.