Idfc First

IDFC First Bank Q3 net profit doubles to Rs 605 crore on growth in income

IDFC First Bank on Saturday reported a two-fold jump in its net profit to Rs 605 crore for the quarter ending December 2022, driven by growth in operating income. The private sector bank had reported a profit of Rs 281 crore for the October-December period of 2021-22. The bank's total income increased to Rs 7,064.30 crore in the third quarter this fiscal from Rs 5,197.79 crore in the corresponding quarter of 2021-22, IDFC First Bank said in a stock exchange filing. The bank further said customer deposits increased by 44 per cent from Rs 85,818 crore as of December 31, 2021, to Rs 1,23,578 crore at end-December 31, 2022. CASA deposits grew by 39 per cent year-on-year from Rs 47,859 crore as of December 2021 to Rs 66,498 crore as of December 2022. On the asset quality, it said the gross NPA improved from 3.96 per cent at end-December 2021 to 2.96 per cent as of December 2022. The Net NPA at quarter ending December 2022 improved to 1.03 per cent from 1.74 per cent in the year-ago ..

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I am building a bank for the long run: IDFC First Bank CEO V Vaidyanathan

IDFC First Bank CEO talks about the journey so far and the road ahead for the bank

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IDFC First Bank reports Q2 loss of Rs 680 cr on one-time tax impact

The profit before tax came at Rs 100 crore, as against a loss of Rs 583 crore in the year-ago period

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