IDFC First Bank tumbles 3% after Q1 results. Should you buy, sell or hold?

July 29, 2024

IDFC First Bank reported a broadly in-line set of numbers with strong business growth and better cost income though higher credit costs. NIM was down 13bps QoQ to 6.22%, mostly on higher growth in investment and rise in LCR (to 118% vs. 114% QoQ).

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