IDFC Bank Q2 profit falls about 40% to â¹234 crore
Private sector lender IDFC Bank on Wednesday posted a 40% year-on-year drop in profit at â¹234 crore for the quarter ended September 30. Its net interest income also slipped 6% to â¹480 crore during the quarter. However, its asset quality improved with gross bad loans, as a percentage of total loans, falling to 3.9% from 4.1% in the preceding quarter.