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IDFC Bank June Quarter Profit Rises 65%, Bad Loan Ratio Comes Down

Gross bad loans as a percentage of total loans rose to 4.13 per cent at end-June from 2.99 per cent at March-end, but fell from 6.09 per cent from June-end 2016.
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IDFC Bank said its net profit rose to Rs 438 crore in Q1 (Representational image)
IDFC Bank said its net profit rose to Rs 438 crore in Q1 (Representational image)
IDFC Bank reported a 65 per cent rise in quarterly profit on Thursday, helped by higher interest income and as the bad loans ratio fell from a year earlier.

Net profit rose to Rs 438 crore ($68.31 million) in its fiscal first quarter ended June 30 from Rs 265 crore a year earlier, the bank said. 

Gross bad loans as a percentage of total loans rose to 4.13 per cent at end-June from 2.99 per cent at March-end, but fell from 6.09 per cent from June-end 2016.

($1 = Rs 64.12)

© Thomson Reuters 2017



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