IDFC First Bank profit falls 58% on worsening asset quality of micro loans

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IDFC First Bank profit falls 58% on worsening asset quality of micro loans - Business Standard

Quick Summary:

Excluding microfinance and one toll account, credit cost for the overall loan book of the Bank was 1.76 per cent in FY25.

Net Interest Income (NII) grew 9.8 per cent on a yearly basis to Rs 4,907 crore in Q4FY25 from Rs.4,469 crore in Q4 FY24.

Fresh slippages during the quarter was Rs 2,175 crore including Rs 572 crore from the micro loan book, as compared to Rs 4195 crore and Rs 437 crore.“Bank put restriction on new to bank customer in selected geographies and have been reducing geographic concentration.