InvestorQ : What was the reason that IDFC Bank posted such strong results in the Mar-21 quarter?
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What was the reason that IDFC Bank posted such strong results in the Mar-21 quarter?

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Juvina Maggie answered.
1 month ago
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IDFC First Bank reported a 78% growth in net profits at Rs.128 crore for the Mar-21 quarter. During the quarter, the total revenues were higher by a more modest 5.6% at Rs.4,834 crore. There was some concern on the gross NPA front which went up sequentially from 1.83% to 4.15%. While spillage is a concern, the capital adequacy at 16.32%, post QIP is a source of comfort for the future growth of IDFC Bank.

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