IDFC FIRST Bank Q3 Result, Net Profit up 115% YoY.

IDFC FIRST Bank reported Q3 Results on January 21, 2023. Net profit of Rs.605 crores rose 115% YoY.

IDFC FIRST Bank reported a Net Interest Income of Rs.3285 crores rose 27% YoY. It was Rs.2,580 crores in Q3 last year.

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Bank reported its NIM of 6.36% for Q3FY23.

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Bank reported a Net profit of Rs.605 crores rose 115% YoY. It was Rs.281 crores in Q3 last year.

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Bank reported Core Operating profit Rs.1,225 crores up 64% YoY. It was Rs.745 crores in Q3 last year.

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IDFC FIRST Bank reported CASA Deposits grew by 39% YoY from 47,859 crores to 66,498 crores.

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Bank reported Gross NPA of 2.96% was 3.18% QoQ and 3.96% YoY. Net NPA of 1.03% was 1.09% QoQ and 1.74% YoY.

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