Money & Banking

IDFC Bank posts profit of ₹242 crore

Our Bureau Mumbai | Updated on January 19, 2018

IDFC Bank posted a profit of ₹242 crore for the October-December quarter of the current financial year as against a loss of ₹258 crore in the year-ago period. Total income for the reporting quarter stood at ₹2,007 crore.

Provisions and contingencies stood at ₹12.29 crore.

The bank said gross non-performing assets (NPAs) and net NPAs were at ₹1,462 crore and ₹453 crore, respectively.

Gross NPA as a per cent of gross advances stood at 3.1 per cent and net NPA to net advances was at 1 per cent.

IDFC Bank shares closed at ₹50.55 on the BSE on Wednesday, an increase of 6.20 per cent over the previous close.

Published on January 27, 2016

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