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  1. IDFC Bank Q1 profit rises 65 pct; bad loans ratio falls y/y

IDFC Bank Q1 profit rises 65 pct; bad loans ratio falls y/y

IDFC Bank reported a 65 percent rise in quarterly profit on Thursday, helped by higher interest income and as the bad loans ratio fell from a year earlier.

By: | Published: July 27, 2017 2:59 PM
idfc bank, idfc bank profit, idfc bank first quarter profit, idfc bad loans ratio Net profit rose to 4.38 billion rupees (.31 million) in its fiscal first quarter ended June 30 from 2.65 billion rupees a year earlier, the bank said. (PTI)

IDFC Bank reported a 65 percent rise in quarterly profit on Thursday, helped by higher interest income and as the bad loans ratio fell from a year earlier. Net profit rose to 4.38 billion rupees ($68.31 million) in its fiscal first quarter ended June 30 from 2.65 billion rupees a year earlier, the bank said. Gross bad loans as a percentage of total loans rose to 4.13 percent at end-June from 2.99 percent at March-end, but fell from 6.09 percent from June-end 2016.

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