IDFC First Bank reported a 15% decline in net profit for Q3FY25, while its net interest income rose by 14%. The bank’s gross NPA ratio improved to 1.94%, and customer deposits increased by 28.8% YoY. CASA deposits surged by 32.3%, and the CASA ratio stood at 47.7%.
Stock-specific action to dominate market moves: Dharmesh Shah
Dharmesh Shah suggests focusing on the domestic sector, with banking showing relative outperformance even in the current corrective phase. He advises positive stances on banking,
April 4, 2025