IDFC FIRST BANK Q3 Financial Highlights: Robust Growth and Improved Asset Quality
Net Interest Income (NII): IDFC FIRST BANK reported a robust performance in Q3 with Net Interest Income (NII) standing at ₹4,287 crores, marking a significant 30.5% year-on-year growth. Profit After Tax (PAT): The Profit After Tax reached ₹716 crores, reflecting an 18.4% increase compared to the same period last year. Pre-Provision Operating Profit (PPOP): The […]
Net Interest Income (NII): IDFC FIRST BANK reported a robust performance in Q3 with Net Interest Income (NII) standing at ₹4,287 crores, marking a significant 30.5% year-on-year growth.
Profit After Tax (PAT): The Profit After Tax reached ₹716 crores, reflecting an 18.4% increase compared to the same period last year.
Pre-Provision Operating Profit (PPOP): The bank’s Pre-Provision Operating Profit (PPOP) saw a substantial rise, reaching ₹1,562 crores, demonstrating a strong 23.9% year-on-year growth.
Provisions: Provisions for the quarter amounted to ₹655 crores, indicating a notable 45.4% year-on-year increase.
Asset Quality – Gross NPA: The Gross Non-Performing Assets (NPA) ratio showed improvement, declining from 2.11% to 2.04% quarter-on-quarter.
Net NPA: Net NPA remained steady at 0.68% quarter-on-quarter.
Gross NPA Amount: The absolute Gross NPA reduced to ₹3.77 lakh crores, showcasing a noteworthy 12.3% decline quarter-on-quarter.
Net NPA Amount: Absolute Net NPA increased to ₹1.25 lakh crores, experiencing a 4.9% quarter-on-quarter rise.
Related News
India, Israel Complete Second Round of Free Trade Agreement Talks
India’s Services Exports Hit Record USD 421.3 Billion in FY26
India’s July Flash PMI Slows to 54.3 as Inflation Pressures Intensify
US Imposes Section 301 Tariffs on India, China, EU and 57 Other Economies
India Records 21% Rainfall Deficit as Monsoon Lags, Govt Rules Out Crop Impact
