IDFC First Bank Q2 profit nearly triples to Rs 1,045 crore; loan assets rise 30%
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In Q2 FY27, IDFC First Bank showcased an impressive profit surge of 196.5 percent year-on-year, reaching Rs 1,045 crore. The bank's robust core operating performance is highlighted by a 21 percent rise in net interest income. Additionally, total loan assets expanded by 30.1 percent, showcasing substantial business growth. With gross non-performing assets reduced to 1.32 percent, management credits this achievement to effective deposit strategies and anticipated liquidity advantages. What's Your Reaction?
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