IDFC Bank Q2 net slides 40% to Rs 234 crore

IDFC Bank's second quarter net profit plunged 39.74 per cent to Rs 233.66 crore on account of lower income and higher expenses.

The company's net profit in the same quarter of the previous fiscal stood at Rs 387.76 crore.

Total income came down by 5.13 per cent to Rs 2,365.06 crore for the reported quarter as against Rs 2,493.04 crore in the year-ago period, the bank said in a BSE filing.

Its total expenditure went up 10.96 per cent to Rs 2,120.27 crore compared to Rs 1,910.72 crore in the third quarter of the previous financial year.