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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

Saudi Arabia's Public Investment Fund (PIF) managing director Yasir al-Rumayyan speaks at the Bloomberg Global Business Forum in New York City. Photo: Reuters

Reuters

Last Updated : Oct 25 2017 | 5:58 PM IST

IDFC Bank 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 bank 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.