 "IDFC First Bank gains 14 per cent in two days post June quarter results")
Shares of IDFC First Bank gained 10 per cent to Rs 43 apiece on Friday, gaining 14 per cent in the past two trading days on the BSE, despite a net loss of Rs 617 crore in June quarter (Q1FY20). The loss was due to higher provisioning for stressed assets, financial data of the bank showed. The private lender had posted a net profit of Rs 181 crore in the year-ago quarter.
"The performance during the quarter was impacted primarily because of the additional provisioning taken during Q1FY20 towards two identified financial services (one housing finance company and one
"The performance during the quarter was impacted primarily because of the additional provisioning taken during Q1FY20 towards two identified financial services (one housing finance company and one
