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IDFC First Bank turns black in Q3

01 Feb 2021 Evaluate

IDFC First Bank has reported results for third quarter ended December 31, 2020.

The bank has reported a net profit of Rs 129.51 crore for the quarter under review against net loss of Rs 1,638.89 crore for the same quarter in the previous year. However, total income of the bank increased by 0.70% at Rs 4,711.72 crore for Q3FY21 as compared Rs 4,679.14 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a net profit of Rs 137.15 crore for the quarter under review against net loss of Rs 1,631.60 crore for the same quarter in the previous year. However, total income of the bank increased by 1.21% at Rs 4,835.86 crore for Q3FY21 as compared Rs 4,778.21 crore for the corresponding quarter previous year.

Peers
Company Name CMP
HDFC Bank 714.20
ICICI Bank 1360.20
Axis Bank 1269.00
Kotak Mahindra Bank 439.00
Indusind Bank 876.00
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