Key Points
As on March end, the banks gross non-performing asset ratio stood at 2.51%, lower than 3.70% a year ago...
Private sector lender IDFC First Bank on Saturday reported a 134% year-on-year (YoY) rise in its net profit for the quarter ended March at Rs 803 crore, primarily due to higher growth in net interest income (NII)...
For Q4FY23, IDFC First Banks NII, which reflects difference between interest earned and expended, grew 35% y-o-y to Rs 3,597 crore..
Of the total advances, home loans rose 39% YoY to Rs 19,552 crore as on March end, loans against property or LAP grew 11% YoY to Rs 20,199 crore, consumer loans grew 20% YoY to Rs 20,819 crore and corporate loans grew 9% y-o-y to Rs 25,894 crore...
In absolute terms, the banks infrastructure financing loans stood at Rs 4,664 crore, lower 32% on a y-o-y basis...
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