IDFC First Bank’s first quarter of fiscal year 2026 reveals a mixed financial performance. While the profit after tax declined by 32% year-over-year to ₹463 crore, the net interest income experienced a growth of 5.1%, reaching ₹4,933 crore. However, on a quarter-on-quarter basis, the PAT grew significantly by 52.1%.
Rupee touches one-week high; RBI plans to ease dollar bids
The rupee hit a one-week high as expectations of RBI measures to curb oil refiners’ dollar demand boosted sentiment and eased pressure on the currency.