IDFC First Bank shares rally up to 4%. What’s cooking?
In Q2, the bank reported a nearly 50 per cent jump in its standalone net profit at Rs 151.74 crore in the quarter ended September 2021. The bank posted a profit of Rs 101.41 crore in the same quarter a year ago. Bank’s provisioning for bad loans and contingencies raised substantially for the September quarter at Rs 474.95 crore as bad loans moved up.
