November 04, 2024 23:36 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | PM Modi slams INDIA block for its silence over Sena UBT leader's sexist remark against Shaina NC | PDP member brings anti-Article 370 resolution in J&K assembly; BJP resists, CM Abdullah says only govt can do it | Deeply disappointing: Indian High Commission reacts to 'Khalistani' attack on Hindus at Canada temple
IDFC First Bank Q3FY24 net profit grows 18% to Rs 716 cr

IDFC First Bank Q3FY24 net profit grows 18% to Rs 716 cr

| @indiablooms | 21 Jan 2024, 08:53 pm

Mumbai: IDFC First Bank, a private sector lender, announced a net profit of Rs 715.68 crore for the October-December quarter of the financial year 2023-24, growing 18.37 percent from Rs 605 crore in the corresponding period of the previous year.

The bank's gross non-performing asset (NPA) was reported at 2.04 percent, showing a decline from the 2.96 percent recorded in the same quarter the previous year.

Conversely, the net NPA for the quarter stood at 0.68 percent, reflecting an increase from the 1.03 percent recorded on a year-on-year basis.

The bank reported growth in its CASA (Current Account and Savings Account) deposits, which increased by 28.6 percent year-on-year, rising from Rs. 66,498 crores as of December 31, 2022, to Rs. 85,492 crores as of December 31, 2023.

The CASA Ratio, a measure of the proportion of CASA deposits to total deposits, stood at 46.8 percent as of December 31, 2023.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.