IDFC First Bank reports a sharp 58% drop in Q4FY25 standalone net profit at ₹304 crore
IDFC First Bank reported a sharp 58 per cent year-on-year (yoy) drop in fourth quarter (Q4FY25) standalone net profit at ₹304 crore, with the bottomline being dragged by a jump in provisions, including towards deliquent assets in the microfinance portfolio. Sharply lower tax expenses, to an extent, acted as a counterweight to the aforementioned provisions,…