IDFC First Bank Q3 Results: PAT falls 53% YoY on account of higher provisions

Provisions for the quarter stood at Rs 1,338 crore as compared with Rs 655 crore in the year-ago quarter, driven by the higher slippages in the microfinance book. The bank said provisions were stable for the non-microfinance portfolio. Provisions for the quarter stood at Rs 1,338 crore as compared with Rs 655 crore in the year-ago quarter, driven by the higher slippages in the microfinance book. The bank said provisions were stable for the non-microfinance portfolio.  Economic Times

Leave a Reply

Your email address will not be published. Required fields are marked *