8
Monday
August 2022
6:44 PM IST
News Headlines
Next Vice President: EC issues certificate of election to Dhankhar        Take prompt action to prevent disasters during monsoons: Kerala HC to state govt        Maruti Suzuki aims to produce 20 lakh units this fiscal: Chairman RC Bhargava        Active Covid cases in country increase to 1,34,933        US, Australia, Japan urge China to immediately cease military exercises        Israeli airstrike kills 2nd top Islamic Jihad commander        Stage set for Amit Shah's maiden Odisha visit after becoming home minister        Boxers Nikhat, Amit Panghal, Sagar storm into finals        India's 2nd monkeypox patient tested negative: Veena George        UCO Bank clocks over 21 pc growth in Q1 FY 2023        CWG: Bajrang Punia clinches gold in men's 65kg        CWG: Sindhu, Srikanth ease into quarterfinals        Death toll after Israeli airstrike in Gaza strip rises to 7        Thai nightclub fire kills at least 14, injures dozens        Union Minister calls Rahul 'fake Gandhi'        Democracy being killed: Rahul as Cong leaders are detained        RBI hikes repo rate by 50 bps, retains FY23 growth forecast at 7.2 pc        Credit to Rohit and Dravid for ensuring increased security and freedom for players: Hardik        Govt cuts windfall tax on diesel, ATF export; raises levy on domestic crude oil        Pelosi says US will not abandon Taiwan as China protests        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
IDFC First Bank reports Rs 474 crore profit in Q1
 
New Delhi: Driven by strong growth in core operating income and lower provisioning requirement, IDFC First Bank on Saturday reported net profit of Rs 474 crore for April-June quarter (Q1) of financial year 2022-23 as against net loss of Rs 630 crore in the same quarter last year.
Net interest income (NII) of the bank grew by 26% year-on-year to Rs 2,751 crore in Q1FY23, up from Rs 2,185 crore in Q1FY22.

As per a regulatory filing, provisions for the quarter was at Rs 308 crore in Q1FY23 as compared to Rs 1,872 crore in Q1FY22, a reduction of 84%.

The provisions for Q4-FY22 was Rs 369 crore.

"We have seen a steady growth of over 20% YoY, both on the lending side as well as the deposits side in Q1 FY 23. Our ex treasury core operating profit has grown by 64% to touch nearly Rs 1,000 crores, which is a key landmark for us. We have posted the highest ever Profit after Tax of Rs 474 crores in Q1 FY 23. Our return on assets has nearly touched 1% and we expect it to rise from here," said V Vaidyanathan, MD and CEO, IDFC FIRST Bank.


Maruti Suzuki aims to produce 20 lakh units this fiscal: Chairman RC Bhargava
UCO Bank clocks over 21 pc growth in Q1 FY 2023
Govt cuts windfall tax on diesel, ATF export; raises levy on domestic crude oil
RBI's financial inclusion index rises; showing growth across all segments
Auto component industry to see 9-11% revenue from EV parts by 2027: Crisil
HOP’s high-speed electric bike ‘HOP OXO’ receives more than 5k bookings ahead of Commercial Launch
Sensex, Nifty nearly 1 pc on global recession fears
IT Cos' sombre profit story continues as Infosys misses profit estimates
Yes Bank reports 50pc jump in net profit in Q1
TCS is UK's no.1 software and IT services company once again
RINL-VSP inks MoU with STPI for promotion of Innovation and Startup activities
Fuel prices remain unchanged
IndiGo appoints M Damodaran as non-independent non-executive Director
Anil Agarwal elected as President of FTCCI
I-Tax Dept raids pharma group in Bengaluru, seizes Rs 1.20 Cr cash
Scidia hails Trivandrum and Kochi airports
RBI sets up international trade settlement mechanism in INR
Traders oppose inclusion of essential food grains under 5 pc GST
Passenger vehicle retail sales up 40 pc in June as chip supply improves
HDFC Bank records 21.5% loan growth in Q1
KERALA NEWS
Take prompt action to prevent disasters during monsoons: Kerala HC to state govt
 Kochi, Aug 7 (PTI) The Kerala High Court has said the state government has to "take proper and promp  
India's 2nd monkeypox patient tested negative: Veena George
‘Flood tourism’ will not be permitted: Minister
Fifth case of monkeypox reported from Kerala
INTERNATIONAL NEWS
US, Australia, Japan urge China to immediately cease military exercises
 Washington, Aug 7 (PTI) The United States, Australia and Japan have urged China to immediately cease
Israeli airstrike kills 2nd top Islamic Jihad commander
Death toll after Israeli airstrike in Gaza strip rises to 7
Thai nightclub fire kills at least 14, injures dozens
NATIONAL NEWS
Next Vice President: EC issues certificate of election to Dhankhar
 New Delhi, Aug 7 (PTI) The Election Commission on Sunday issued a certificate announcing the electio
Active Covid cases in country increase to 1,34,933
Union Minister calls Rahul 'fake Gandhi'
Democracy being killed: Rahul as Cong leaders are detained
Untitled Page
Rashtra Deepika LTD
Copyright @ 2021 , Rashtra Deepika Ltd.