In the January-March quarter, IDFC First Bank disclosed an interest income of Rs 8,219.21 crore, a notable increase from Rs 6,424.35 crore reported in the corresponding period of the previous year. This represents a substantial year-on-year growth of 28%.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.