IDFC Bank's Q2 Profit Falls 40%

IDFC Bank's Q2 Profit Falls 40%
IDFC Bank's gross bad loans stood at 3.92 per cent at end-September

Mumbai: IDFC Bank's net profit fell to Rs 2.34 billion in the quarter ended September 30, from Rs 3.88 billion a year earlier, the bank said. 
Gross bad loans as a percentage of total loans stood at 3.92 percent at end-September, compared with 4.13 percent in the preceding quarter and 5.96 percent a year earlier.

 

© Thomson Reuters 2017
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