IDFC First Bank’s Q2 net profit dropped by over 73% to Rs 201 crore, primarily due to a Rs 253-crore provision following Maharashtra government’s toll waiver decision. The net interest income increased by 21% to Rs 4,788 crore, while deposits rose by 32.4% to Rs 2,18,026 crore.
Related Posts
Hyundai IPO GMP: Grey Market Premium surges to 5% over issue price as India’s largest IPO lists tomorrow
Hyundai’s IPO saw a revival in its grey market premium to 5%, indicating positive investor sentiment. Trading at Rs 2,067 in the grey market, the […]
Waaree Energies’ IPO taps into a 357% rally in renewable stocks in India
India’s leading solar-panel manufacturer, Waaree Energies Ltd., will open a $514 million IPO, valuing it at $5 billion. Backed by major investors like Goldman Sachs, […]
US job growth comes up short in possible warning sign for Fed
US hiring in August fell short of expectations, with nonfarm payrolls rising by 142,000 and the unemployment rate decreasing to 4.2%. This situation is likely […]