IDFC First Bank reported its highest-ever quarterly profit at ₹1,075 crore for June, more than doubling year-on-year, driven by strong NII growth and lower provisions. Margins and return ratios improved, while loan growth remained robust across segments. Management highlighted improving asset quality and sustained business momentum despite provisioning buffers.
IDFC First Bank reported its highest-ever quarterly profit at ₹1,075 crore for June, more than doubling year-on-year, driven by strong NII growth and lower provisions. Margins and return ratios improved, while loan growth remained robust across segments. Management highlighted improving asset quality and sustained business momentum despite provisioning buffers.
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