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IDFC Bank reported a 24 per cent decline in net profit at ₹146 crore in the third quarter, against ₹192 crore in the year-ago period.
Net interest income was down 5 per cent year-on-year (y-o-y) to ₹511 crore. Non-interest income declined 33 per cent to ₹215 crore.
Total deposits jumped 57 per cent y-o-y to ₹42,259 crore. The proportion of current account, savings account (CASA) deposits in total deposits improved to 10.1 per cent from 3.3 per cent.
Net advances were flat at ₹47,127 crore. However, credit investments jumped 73 per cent to ₹16,743 crore.
Gross non-performing assets declined to 5.6 per cent of total assets, against 7 per cent in the year-ago quarter.
IDFC Bank shares closed at ₹58.60 apiece, up 0.69 per cent over the previous close on the BSE.
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