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IDFC Bank Q2 net falls 40% at Rs 234 cr

Gross bad loans as a percentage of total loans stood at 3.92 per cent at end-September

Reuters 

IDFC Bank snaps up Grama Vidiyal Microfinance

reported a 40 per cent fall in second-quarter profit on Wednesday.

Net profit fell to Rs 234 crore in the quarter ended September 30, from Rs 388 crore a year earlier, the said. 

Gross bad loans as a percentage of total loans stood at 3.92 per cent at end-September, compared with 4.13 per cent in the preceding quarter and 5.96 per cent a year earlier.

First Published: Wed, October 25 2017. 15:25 IST
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