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%.
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.