IDFC First Bank has reported results for first quarter ended June 30, 2019.
The Bank has reported a net loss of Rs 617.36 crore for the quarter under review as compared to net profit of Rs 181.55 crore for the same quarter in the previous year. However, total income of the Bank increased by 62.85% at Rs 4,103.57 crore for Q1FY20 as compared Rs 2,519.87 crore for the corresponding quarter previous year.
On the consolidated basis, the Bank has reported a net loss of Rs 611.64 crore for the quarter under review as compared to net profit of Rs 191.59 crore for the same quarter in the previous year. However, total income of the Bank increased by 62.10% at Rs 4,177.18 crore for Q1FY20 as compared Rs 2,576.96 crore for the corresponding quarter previous year.
