IDFC First Bank shares decreased by 7.2% following a 15% YoY decline in net profit due to higher bad loan provisions in microfinance. Despite a 14% increase in net interest income, the bank was impacted by elevated credit costs and operational expenses. Gross NPA ratio improved from 2.04% to 1.94%.
7 stocks where DIIs are trimming their stakes in March quarter
Declining DII shareholding across Nifty 500 stocks signals cautious sentiment, with investors trimming exposure in firms like Bank of India and Hindustan Petroleum Corporation amid