IDFC First Bank Q3 Results: The total income of the bank stood at Rs 7,064.30 crore in the October-December quarter as against Rs 5,197.79 crore in the year-ago quarter.
Customer deposits with the bank increased by 44% to Rs 1.23 lakh crore in the October-December 2022 quarter.
IDFC First Bank Q3 Results: Private sector IDFC First Bank's net profit doubled to Rs 605 crore in the December quarter of the current financial year.
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Its profit has increased due to increase in revenue from operation. Its profit was Rs 281 crore in the same quarter a year ago. The total income of the bank stood at Rs 7,064.30 crore in the October-December quarter as against Rs 5,197.79 crore in the same quarter a year ago.
Improvement in NPA
The bank's gross non-performing assets (NPAs) rose to 2.96% in the December quarter from 3.96% a year ago. Net NPA also improved to 1.03% from 1.74% a year ago.