'IDFC
First Bank has reported 11% decline in the net profit
at Rs 680.65 crore for the quarter ended June 2024 (Q1FY2025). The bank has
posted healthy 25% growth in net interest income (NII), while the core fee
income of the bank also improved 19% in Q1FY2025. The Net Interest Margin (NIM)
of the bank eased to 6.22% in Q1FY2025 compared to 6.33% in the corresponding
quarter of previous year.
On business front, the bank as has posted 29% growth in business
with strong 22% surge in loan book. The asset quality of the bank was stable in
Q1FY2025. Bank has substantially reduced the credit to deposit ratio to 99.9%
at end June 2024 from 111.1% at end June 2023. CASA ratio of the bank has
improved to 46.6% at end June 2024 from 46.5% at end June 2023.
Asset quality stable: The bank has
maintained stable asset quality in Q1FY2025.
The fresh slippages of loans stood at Rs 1657 crore in Q1FY2025
c...
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