'IDFC First Bank has reported 53% dip in net profit at Rs
339.43 crore for the quarter ended December 2024 (Q3FY2025). The bank has
posted healthy 14% growth in net interest income (NII), while the core fee
income of the bank also improved 20% in Q3FY2025. The Net Interest Margin (NIM)
of the bank eased to 6.04% in Q3FY2025 compared to 6.42% in the corresponding
quarter of previous year.
On business front, the bank as has posted 26% growth in business
with strong 22% surge in loan book. The asset quality of the bank was under
pressure in Q3FY2025. Bank has substantially reduced the credit to deposit
ratio to 97.5% at end December 2024 from 103.8% at end December 2023. The CASA
ratio of the bank has improved to 47.7% at end December 2024 from 46.8% at end
December 2023.
Asset quality shows pressure: The bank
has witnessed pressure on asset quality in Q3FY2025.
The fresh slippages of loans s...
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