IDFC Bank’s gross bad loans as a percentage of total loans stood at 3.92% at end-September, compared with 4.13% in the preceding quarter and 5.96% a year earlier. Photo: MintBengaluru: India’s IDFC Bank reported a 40% fall in second-quarter profit on Wednesday. Net profit fell to Rs234 crore ($35.92 million) in the quarter ended 30 September from Rs388 crore a year earlier, the bank said. Gross bad loans as a percentage of total loans stood at 3.92% at end-September, compared with 4.13% in the preceding quarter and 5.96% a year earlier.

Source: Mint October 25, 2017 09:13 UTC