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3 Articles
IDFC First Bank Q4 Profit Tanks 58pc to Rs 304 Cr on Higher Provisions
Get latest articles and stories on Latest News at LatestLY. IDFC First Bank on Saturday reported a 58 per cent fall in net profit to Rs 304 crore for the fourth quarter ended in March 2025 due to a rise in provisions. Latest News | IDFC First Bank Q4 Profit Tanks 58pc to Rs 304 Cr on Higher Provisions.
IDFC FIRST Bank Q4 Results: Profit Halves As Stress In MFI Book Bites
IDFC FIRST Bank Ltd.'s January-March standalone net profit more than halved on a yearly basis to Rs 304 crore, led by a sharp rise in provisions especially made for the microfinance institutions segment.This rise in provisions has come as the MFI segment has been witnessing stress, leading to a slowdown in loan disbursals.Provisions and contingencies for the third quarter were up by twofold to Rs 1,450.47 crore from the year-ago period because o…
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