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IDFC First Bank turns black in Q2

02 Nov 2020 Evaluate

IDFC First Bank has reported results for second quarter ended September 30, 2020.

The bank has reported net profit of Rs 101.41 crore for the quarter under review as against net loss of Rs 679.50 crore for the same quarter in the previous year. However, total income of the bank decreased 9.11% at Rs 3969.12 crore for Q2FY21 as compared Rs 4367.12 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported net profit at Rs 109.03 crore for the quarter under review as against net loss of Rs 676.52 crore for the same quarter in the previous year. However, total income of the bank decreased by 8.37% at Rs 4081.34 crore for Q2FY21 as compared Rs 4454.26 crore for the corresponding quarter previous year.

 

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