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IDFC First Bank’s consolidated net loss widens to Rs 1,632 crore in Q3

30 Jan 2020 Evaluate

IDFC First Bank has reported results for third quarter ended December 31, 2019.

The bank has reported a net loss of Rs 1,638.89 crore for the quarter under review against net loss of Rs 1,538.01 crore for the same quarter in the previous year. However, total income of the bank increased by 19.22% at Rs 4,679.14 crore for Q3FY20 as compared Rs 3,924.80 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a net loss of Rs 1,631.60 crore for the quarter under review against net loss of Rs 1528.96 crore for the same quarter in the previous year. However, total income of the bank increased by 19.78% at Rs 4,778.21 crore for Q3FY20 as compared Rs 3,989.03 crore for the corresponding quarter previous year.

Peers
Company Name CMP
HDFC Bank 699.50
ICICI Bank 1385.25
Axis Bank 1209.00
Kotak Mahindra Bank 458.00
Indusind Bank 836.35
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