IDFC Bank’s Q4 Profit Falls 32%

The Economic Times - - Companies: Pursuit Of Profit -

Mum­bai: IDFC Bank’s March quar­ter earn­ings slumped 32% to ₹ 165 crore from ₹ 242 crore a year ago as bad loans climbed. Net in­ter­est in­come dur­ing the fourth quar­ter was up 8% at ₹ 417 crore, from ₹ 386 crore a year ago. “A de­te­ri­o­ra­tion in the GNPA num­ber does not sig­nal any de­te­ri­o­ra­tion in the as­set qual­ity of the book,” Ra­jiv Lall, MD, IDFC Bank said. “Our over­all stressed as­set has re­mained ex­actly what it was be­fore.”

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