Microfinance Woes Hit IDFC Bank Q1: Profit Down 32%
The IDFC First Bank has recently released its first-quarter performance, and the figures stand to narrate a mixed situation. Profit after tax dropped 32% year‑on‑year to ₹463 crore, pulled down by stress in its microfinance loans. At the same time, the bank’s core business, retail lending and deposits, continued to grow at a steady pace.
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