January 20, 2024Gauri Joshi

IDFC First Bank Q3 profit increases 18.4% to Rs 715.7 crore

The bank’s Net Interest Income (NII), the difference between interest earned and interest expended, climbed 30.5 per cent to Rs 4,286.6 crore in Q3FY24, from Rs 3,284.3 crore in Q3FY23.

Source: Pexels

Gross NPA (non-performing assets) for the company depreciated  0.7 per cent to Rs 3,775.4 crore, against Rs 3,747.8 crore in the previous quarter of the same fiscal.

Source: Pexels

Meanwhile, the net NPA depreciated 4.8 per cent to Rs 1,250.3 crore, against Rs 1,192.5 crore in the previous quarter of the same fiscal.

Source: Pexels